XAUUSD SHORT TERM

27 May 2022

XAUUSD is looking bearish for short term ahead of NY session


*We had strong Bearish momentum on 25th May after price cleared highs at 1865.47 looking left


*this led to a strong bearish displacement causing price to break a significant low around 1847.02


*NY session opening shortly and we see price consolidating on lower timeframes generating liquidity(Equal highs n lows)

CONCLUSION
I anticipate a drop in price of approximately 100+ pips to the range EQuilibrium at 1851.13, Although we might have a push up to clear the lower timeframe Buyside liquidity before the drop

27 May 2022

İşlem kapandı: hedefe ulaştı

RANGE EQuilibrium reached