XAUUSD short

20 Kas 2023

XAUUSD - we previously saw an a tempt at retesting an older OB. The most recent inefficiency has created a FVG that is currently being tested and slowly explored. While these signs appear promising for a sell, we are still seeing some buying pressure, indicated with over 50 on stoch. Momentum however is negative so we can expect confirmation of a bearish trend to follow. Since the daily trend is bearish, I am placing tp at the demand level. However I’ll review this if the trade is taken.