XAUUSD SHORT TERM
Updated
*We had strong Bearish momentum on 25th May after price cleared highs at 1865.47 looking left
*this led to a strong bearish displacement causing price to break a significant low around 1847.02
*NY session opening shortly and we see price consolidating on lower timeframes generating liquidity(Equal highs n lows)
CONCLUSION
I anticipate a drop in price of approximately 100+ pips to the range EQuilibrium at 1851.13, Although we might have a push up to clear the lower timeframe Buyside liquidity before the drop
Trade closed: target reached
RANGE EQuilibrium reached
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