XAUUSD - GOLD

It's time for the weekly timeframe to experience a pullback to the supply zone at 1901. It's important not to short it during this phase. This pullback raises questions about whether gold is forming a bullish structure. If the demand zone, ranging from 1804 to 1856, can establish higher levels and if the candle closes at or above 1953, it would indicate a continuation of the bullish trend.

On the monthly timeframe, I've identified a Sell-Side Liquidity zone at 1451. I will closely monitor the price of gold when it reaches 1901 to consider a short position if there are bearish confirmations.

This trading plan incorporates mechanical strategies along with smart money concepts.

Please be aware that investing in FX, Crypto, or any financial instrument carries inherent risks. It's advisable to consult a financial advisor or conduct thorough research before making any investment decisions.