XAUUSD Daily viewThe market in XAUUSD initially showed a strong bullish expansion, creating a clear series of higher highs and higher lows, which indicates strong buying pressure and bullish order flow. After this impulsive rally, price formed a sharp rejection at the top with long wicks, suggesting that buy-side liquidity was taken and larger players likely distributed positions. Following this rejection, the market moved into a consolidation phase where price started ranging, showing temporary indecision between buyers and sellers. Recently, bearish pressure has started to appear as price begins forming lower highs and gradually moving toward a key support zone marked on the chart. This level is important because it likely contains sell-side liquidity and resting bullish orders. The expectation is that price may sweep slightly below this support level to take out stop losses of buyers and collect liquidity. After this liquidity grab, the market could show a bullish reaction, leading to a potential reversal and expansion back toward the higher range and previous highs. The overall idea is to wait for the liquidity sweep below support, watch for bullish confirmation, and then anticipate a move toward the upper liquidity areas. 📈
