ScoccaMarco_

ScoccaMarco_

XAUUSD is currently taking a breather after the sharp downward push caused by the FOMC. Personally, I believe it will end up closing the candle that initiated the move after the FOMC, around 2636.80, where I’ve marked the respective order block, to absorb all the liquidity generated during its decline, before resuming its bearish trend. Remember that nothing is...

ScoccaMarco_

After the FOMC statement, gold continued its bearish trend strongly. Now, on the 4-hour chart, we can see a clear retest of the previously broken zone, forming an engulfing candlestick pattern. Therefore, we can expect a retest of the zone on the 15-minute chart to look for a short and continue the trend, potentially reaching around 2540. Remember to trade...