As explained in my previous analysis, 
XAUUSD absorbed seller liquidity before surging above the 1944 price line.
By maintaining its position during the Asian session, it shattered the Change of Character, signaling a potential bullish trend that could target the 1962 resistance zone.
A downward bearish move towards 1933 may expose the 1909 price level, but we have not yet transitioned into that market structure.
XAUUSD absorbed seller liquidity before surging above the 1944 price line. By maintaining its position during the Asian session, it shattered the Change of Character, signaling a potential bullish trend that could target the 1962 resistance zone.
A downward bearish move towards 1933 may expose the 1909 price level, but we have not yet transitioned into that market structure.
Note
My view is that the current Price Action is acting as a honeypot to attract retail trader volume in preparation for the next stage. Several factors are pointing to an upswing toward the 1962 price level. However, as always, it's challenging to determine what's under the hood.Trade closed: target reached
Another successful trade 😃
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.