OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price broke the previous uptrend without retesting aiming the previous support liquidity area, leaving an imbalance at 1906-1895.
After a period of consolidation price created a downtrend formed a new trend liquidity which then were swept by a single instututional candle before creating the recover
of the previous break. Now price is going to the imbalance area meanwhile retesting the break. I would not enter below 1970 for a sell as soon as the price arrives there, but would wait for everyone to enter on a sell and expect price to do the contrary, creating a stophunt. So basically i would enter only after this scenario.
Comment: update/
1907 not 1970, my bad.
So as soon as the price will reach the 1907 area i know that many traders will try to sell, the others will try to buy when breaking above but what i am waiting for is a fakeout, the price going above then below then restest and i sell. Hope im clear :D
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