FORECAST FOR XAU/USD

1 févr. 2023

XAU/USD is currently headed for liquidity on the upside because a supply zone failed to break structure. Above this liquidity however lies a 2H POI which could possible change the bullish nature of the market into a bearish one(temporarily at least); possible to fill up the FVG below.

2 févr. 2023

Ordre annulé

Price grabbed liquidity and blasted past the 1H POI. This means i'll have to get back to the drawing board and re-analyse. The great thing about SMC is you don't enter a trade until you get CHoCH confirmation, I did not see that here so i get to walk away with my money intact