Gold (XAUUSD) recently had a strong bullish push but is now consolidating. The current price action suggests a possible liquidity grab before a move lower.
Key Levels:
Resistance / Supply Zone: 2817 - 2822 Support / Target Zone: 2794 - 2792 Previous Day Low (PDL): 2772 All-Time High Resistance: 2830
Bearish Plan: Price may push into 2817-2822 to grab liquidity. Look for MSS/BOS + FVG Retest on M1-M5 for confirmation. If confirmed, enter shorts targeting 2794-2792. Final target could extend toward 2772 if momentum continues.
Watch Out For:
If price fails to reach 2817-2822, it might break lower directly. Avoid early shorts—wait for liquidity sweep + structure shift. Volume drop before reversal = extra confluence.