XAUUSD 🔍 Analysis Overview:
Price has just broken above a 4H descending trendline for the first time. However, I remain cautious due to the following key observations:
📌 NOTES:
The broader market sentiment is still bearish due to recent tariff-related news, which often fuels risk-off behavior.
Historically, the first breakout of a strong trendline often fails, trapping early buyers.
This breakout is likely attracting buy-side liquidity, giving institutions an opportunity to hunt stops.
My observation shows buying interest started around the 3308–3313 range, suggesting smart money accumulation and a possible trap.
📉 I'm watching for a fake breakout and potential reversal targeting the liquidity zones marked below around 3307 and possibly lower.
The liquidity sweep below equal lows could offer a better risk-reward setup.
💡 Conclusion:
If price fails to hold above this breakout and shows signs of rejection, I will be anticipating a return towards the previous demand zone for a liquidity grab.
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Order cancelled
Sorry I mentioned LONG!!!! It's for short !
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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.