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jacobsonmez
May 12, 2023 2:25 PM

XAUUSD Bullish sentiment  Long

Gold Spot (XAUUSD)FXOpen

Description

Based on our analysis of recent market conditions in the XAUUSD, we have observed a bullish sentiment on the 2-hour previous candle. However, we have also noted a retracement into an imbalance in the market, resulting in a rapid shift in price that has left a gap in the order block. As experienced traders, we recognize that this gap represents a fair value gap, and we are closely monitoring the market for a potential long position once price returns to this level. We believe that taking a long position at this point would be a sound strategy given the current market conditions and our analysis of XAUUSD
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