XAUUSD Short
As shown; price has been creating lower highs (LH) and has broken bullish structure twice. Price will potentially rally higher to be rejected by the 1800 price where there are a large amount of institutional selling pressure located in the orderblock above (OB), the first OB has already been tapped however it is likely there will be a test again and reach a higher OB before having going lower. A test of the lower OB will be likely too due to the liquidity being created by creating equal lows (EQL), this is due to the stop loses (SL) placed under these levels for Long positions. Price will most likely hit the OB bellow retail trader SLs and then price to carry on higher.
Trade fermée: ordre d’arrêt atteint
SL has been hit, however gold is reaching higher OB creating more opportunities for entry points
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.