XAUUSD market is currently exhibiting a high-probability Setup!Gold Market Analysis (XAUUSD) :
The XAUUSD market is currently exhibiting a high-probability trading setup, conforming to the IRL to ERL model, a signature pattern in the Inner Circle Trader (ICT) methodology. This model suggests a strong potential for bullish momentum.
Key Observations:
1. The market is anticipated to revisit the downside, targeting the Monday low liquidity pool.
2. A potential fill of the 1D marked Fair Value Gap (FVG) is expected, which could provide a crucial confirmation signal.
3. Upon confirmation, a pump towards the ERL (External Range Liquidity) level is anticipated, driven by buying interest.
Trading Strategy:
We're adopting a patient approach, waiting for the market to provide a clear confirmation signal before entering a trade. By monitoring the market's behavior and waiting for the setup to unfold, we aim to capitalize on the potential bullish momentum.
Let's closely monitor the market's movement and adjust our strategy accordingly.
