The bullish momentum in Gold (XAU/USD) has hit a major wall! On the 1-hour chart, we witnessed a classic Buy Side Liquidity (BSL) sweep as the price briefly moved above the Asia High and tagged $4,260, forming the definitive London High. This liquidity grab confirms the initiation of a high-probability reversal setup.
Trade active
300 pips covered waiting for target.Trade closed: target reached
WE GET OUR TARGET!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.