📈💰 Welcome to Your Channel! Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Let's dive into the Forex market, focusing on one of its key assets: XAU/USD.
📉🔍 Anticipated Price Movement Based on our previous analysis, we anticipated a price retracement upwards to reach the fair value gaps (FVG) before targeting the major sell-side liquidity (SSL).
📊📉 Current Price Reaction Currently, the first FVG is holding the price, and we are observing a strong reaction from this level. It is likely that the price will move lower from this point to reach the identified sell-side liquidity (SSL) areas.
📈💰 Bearish Outlook with Bullish Conditions Our overall outlook remains bearish. However, for any bullish scenario to unfold, we need confirmation on a lower time frame for long setups, as well as a reversal on the higher time frame within one of these fair value gaps.
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