XAUUSD 1D 21/04/2023

Currently, in our daily timeframe, we are in a bullish range that is bounded between 2049.194 and 1981.738. Currently, the demand zone, which ranges from 1991.195 to 1981.680, is being absorbed by price action. Thus, we could expect a bullish reaction to liquidate the next logical liquidity point, which would be at the 2049.194 mark. Otherwise, if the price breaks below 1981.680 with a strong bearish candle, we would be in a new bearish range, and we could look for a short position.