- This is for educational purposes. Taking a trade base on this analysis is strictly at your own risk.
Now the price is at the third touch of the bearish daily trend line which induces retailers to sell. However, I am anticipating that the algorithm will make an inducive bearish move before spiking up to the 1911.500 zones to takeout the sell-side liquidity. Then, the true bearish move will commence. Looking from the SMC POI, the price has mitigated 50% of the 4H bearish candle which often generates a bearish move. However, the algorithm does whatever it chooses to do with price, I can only react to its footsteps. I cannot take any trade on XAU because I cannot see a clear opportunity to either sell or buy, though I am 80-20% bearish. If after reading this you have a better view, just send me feedback
XAUUSD
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