ππ° Welcome to Your Channel!
Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Let's dive into the Forex market, focusing on one of its key assets: XAU/USD.
ππ Anticipated Price Movement
Based on our previous analysis, we anticipated a price retracement upwards to reach the fair value gaps (FVG) before targeting the major sell-side liquidity (SSL).
ππ Current Price Reaction
Currently, the first FVG is holding the price, and we are observing a strong reaction from this level. It is likely that the price will move lower from this point to reach the identified sell-side liquidity (SSL) areas.
ππ° Bearish Outlook with Bullish Conditions
Our overall outlook remains bearish. However, for any bullish scenario to unfold, we need confirmation on a lower time frame for long setups, as well as a reversal on the higher time frame within one of these fair value gaps.
πβ οΈ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.