XAUUSD: MARKET ANALYSIS

MARKET STATUS:
1) The market has made a lower low making a change of character from the long to the short side
2) this choch has been made with a heavy imbalance ( fair value gap (fvg))
3) this is what indicated a short bearish momentum and the market is expected to be bearish for
some time
4. the market has been making a pullback
5. the entry can be aimed at around the OB which is at the 0.5 fib level
6. confirm the entry in the15 min time frame by checking for a change of character in that time frame.