XAU/USD Short Setup extreme supply +600 pips
- Price started to rise from 1733.0 zone after breaking the last structure swing low at 1744.0.
- Also we have a change of character after price broke the last high at 1747.00.
- This type of price action is tricky because the last change of character may be some inducment or liquidity grab.
- Price formed a new higher low with big bullish engulfing candlestick nearly at 1737.0.
- We may have a bullish move to 1760.0 and then we may consider selling from this extreme zone at 1760.0.
- Also we have a change of character after price broke the last high at 1747.00.
- This type of price action is tricky because the last change of character may be some inducment or liquidity grab.
- Price formed a new higher low with big bullish engulfing candlestick nearly at 1737.0.
- We may have a bullish move to 1760.0 and then we may consider selling from this extreme zone at 1760.0.