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XAUUSD: Gold to Target Buy or Sell-Side Liquidity?
Today I’ll share what will likely determine whether we see XAUUSD (gold) take out buy-side or sell-side liquidity first. We’ll also take a look at the US Dollar Index (DXY) and a potentially significant reclaim that’s occurring today. XAUUSD (gold) is pulling back this week following an aggressive 11% rally in October. I discussed the potential for this pullback last week after gold failed to hold above the November 2022 trend line. The October 31st candle confirmed the fakeout and the November 3rd candle swept buy-side liquidity and offered a short opportunity. I got short at $2,001, an entry I posted in the ... (full story)