Gold (XAUUSD) is in a retracement phase after a sharp bearish impulse. Price is currently rejecting a key bearish order block (OB) around 2625 - 2635, suggesting a potential continuation to the downside.
🔎 Analysis:
Trend: Bearish overall with a corrective pullback.
Order Block: 2625 - 2635 (Acting as Resistance)
Fair Value Gap (FVG): 2580 - 2600 (Unfilled Imbalance – Key Target)
Liquidity Pool: 2560 (Swing Low)
🎯 Trade Plan:
Entry: Look for bearish rejections or engulfing candles around 2625 - 2635.
Target 1: 2600 (FVG Fill)
Target 2: 2580 - 2560 (Liquidity Sweep)
Stop Loss: Above 2640 (Invalidation Zone)
🛑 Invalidation:
If price breaks and closes above 2635 – 2640, the bearish structure may shift, signaling potential continuation toward 2660.
🔎 Analysis:
Trend: Bearish overall with a corrective pullback.
Order Block: 2625 - 2635 (Acting as Resistance)
Fair Value Gap (FVG): 2580 - 2600 (Unfilled Imbalance – Key Target)
Liquidity Pool: 2560 (Swing Low)
🎯 Trade Plan:
Entry: Look for bearish rejections or engulfing candles around 2625 - 2635.
Target 1: 2600 (FVG Fill)
Target 2: 2580 - 2560 (Liquidity Sweep)
Stop Loss: Above 2640 (Invalidation Zone)
🛑 Invalidation:
If price breaks and closes above 2635 – 2640, the bearish structure may shift, signaling potential continuation toward 2660.
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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.