FX:XAUUSD   Gold Spot / U.S. Dollar
What is happening here?

We can clearly see that the price is currently on a descending channel , the price broke the resistance line which is the top yellow one to induce retail traders to buy.
After the market maker makes his move he's going to stop inducing retail traders to long (buy), and shift from that zone to a major bearish move.
Wait for StopHunt to the high and a peak formation to enter the trade.


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