XAUUSD (Gold): 31/07/2023: Is it looks bearish?

You can see the possible scenario on the daily chart.

There is another possibility that the price goes higher to fill FVG and even touch the OB-, But from my perspective, it's not a high-probability scenario.

So if the price stays below 1967.7 we are bearish.

💡Wait for the update!
🗓️31/07/2023
🔎 DYOR

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أغلقت الصفقة: تم الوصول للهدف:

Well, as you can see the price had a strong bearish movement to our demand zone.

It may move lower to 1928.

In this zone, we can search for a long entry in a lower time frame.

I hope you use this TA.