XAUUSD Short

٢٧ أكتوبر ٢٠٢١

As shown; price has been creating lower highs (LH) and has broken bullish structure twice. Price will potentially rally higher to be rejected by the 1800 price where there are a large amount of institutional selling pressure located in the orderblock above (OB), the first OB has already been tapped however it is likely there will be a test again and reach a higher OB before having going lower. A test of the lower OB will be likely too due to the liquidity being created by creating equal lows (EQL), this is due to the stop loses (SL) placed under these levels for Long positions. Price will most likely hit the OB bellow retail trader SLs and then price to carry on higher.

٢٨ أكتوبر ٢٠٢١

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SL has been hit, however gold is reaching higher OB creating more opportunities for entry points