XAUUSD Potential Forecast | 29th November 2022

Hi everyone, today I will be talking about a possible XAUUSD short trade using Smart Money Concepts.

Trade Idea
1) Price tapped into the HTF supply zone and respected
2) Price cleared liquidity above and instantly made a strong bearish push down
3) Plenty of imbalance and market inefficiencies present below for price to mitigate
4) A lower low formed

Things to look out for GOLD
- Demand zone below is still being respected, till then, price can continue bullish.
- A best case scenario is for the demand zone below to be invalidated.