📉 Bearish Setup Developing
Gold is currently trading around $2,905, consolidating near a key liquidity zone. Based on smart money concepts (SMC), we can anticipate a potential move before a larger bearish reaction.
🔎 Analysis:
✅ Liquidity Grab: If price breaks above the current range, it will likely trigger buy-side liquidity, fueling a short-term rally.
✅...
Below is a multi-timeframe breakdown of what the charts are showing (likely Daily on the left, 4H in the middle, and 1H on the right) for Gold (XAU/USD), using Bollinger Bands and Moving Averages:
1. Daily Timeframe (Left Chart)
Primary Trend: Still bullish in the bigger picture. Price is well above the longer-term moving averages (e.g., the orange line which...
On the H4 timeframe, the candlesticks are currently positioned between the middle and lower Bollinger Bands. This suggests an early signal that the price may have reached its daily low. Additionally, the absence of further bearish momentum after the pullback indicates that the downtrend could be losing strength. Based on this analysis, I would consider placing a buy order.
