M_Dehghani

what happen in XAUUSD ?

OANDA:XAUUSD   Emas / Dollar A.S.
By observing XAU/USD, we can understand that we are in a downtrend. Using Smart Money, I have prepared a few levels to monitor. If the price starts to rise, we can have confidence in the upper order block. Otherwise, if the price breaks below the lower limit of gold, which is at the price of 2004.458, there is a strong order block zone below it that can potentially drive price growth. I want to emphasize that using order blocks requires the identification of a W-shaped reversal pattern, and after identifying it, one can enter a position.

Best Regard
Mohammad Dehghani
Iran /markazi / Arak
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