Called it 12 days ago… and gold literally played out the same way 👀📉
Processing img qp24w3gbvx1h1...
12 days ago I posted this chart and said gold looked bullish short term, but it could just be a liquidity grab before another dump.
Well… price respected the trendline, tapped the supply zone, trapped late longs, and then dumped almost exactly like the projection 🤝
A lot of people in the comments said the analysis was “too complicated”, “random lines”, or that gold was going straight to new highs 😅
No hate at all — that’s what makes markets interesting. Different views create liquidity.
But this is why I always wait for reaction around key levels instead of blindly chasing candles.
Current thoughts:
- Major sell-side liquidity already taken
- RSI looks exhausted on lower TFs
- Watching for either:
- a relief bounce back toward imbalance areas
- or continuation lower after consolidation
The cleanest setups usually come after everyone becomes emotional.
Not saying I’m always right — but this is exactly why risk management + patience matter more than prediction.
What’s your bias on XAUUSD now?
Dead cat bounce or bigger reversal coming? 👀
Processing img xxxdg27dvx1h1...
#Gold #XAUUSD #Forex #Trading #PriceAction #SmartMoneyConcepts #SMC #TradingView #ForexTrading #LiquidityGrab
