FOREXCOM:XAUUSD 527 Pips PROFIT since I last shared my thoughts here. Referring my previous analysis regarding the failure of price closing above the order block immediately after sweeping liquidity, a strong move on Monday has shown that the previous swing low of the 4h uptrend will most likely be broken, signaling a potential short-term downtrend. Where...
Gold has reached a wonderful order block area after sweeping the liquidity at the previous SNR levels. In the H1 and M15 timeframes, prices has been trying to push through the order block however it keeps failing to do so. It would be most certainly worthwhile to keep an eye open for sell opportunities!