Sphinx_Trading

XAUUSD: Liquidity grab at 1920.0 | short setup +250 pips

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Major structure
- Price broke the major structure at 1890.0 area and returned to1920.0 supply area as a full retest.
Minor structure
- Bearish impulsive move from supply area swept the last low liquidity and closed above it.
price also swept the liquidity again from the last high.

*We may have a big bearish move at least to 1900.0 demand area
Trade closed: target reached:
- Price hit our main target at 1900.0

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.