📊 Welcome back, and a crucial technical update for gold (XAUUSD): Asian liquidity bleeding and anticipation of London!
After a period of emergency absence and a short break to seek some balance and monitor the markets from a distance, we are back with you today to continue together the journey of hunting liquidity and reading professional price action.
We received the gold market at the start of the morning sessions with severe downward moves during the Asian session on the 15-minute timeframe, as the price is currently trading around 4,261.42$ while we approach the London exchange opening bell (about 1.5 hours remaining).
🔍 Technical analysis of the current liquidity flows:
• Direction panel (BIAS Dashboard): It shows a clear conflict in liquidity direction; the higher timeframes (weekly and daily) are still bullish (BULLISH), while the lower timeframes (4H, 1H, 15m) are under the full control of the sellers (BEAR).
• Clear bearish structure: The morning price bleeding succeeded in breaking the immediate support levels downward, leaving behind a series of bearish price gaps (-FVG) and institutional sell blocks (-OB).
• Key levels to watch: The price is now heading directly to test the next major liquidity levels below, represented by the previous day’s low (PDL) and the previous week’s low (PWL).
🎯 Movement scenarios with the upcoming London open:
1️⃣ Bounce (bullish) scenario: watch for any strong rejection candlestick signals and a liquidity sweep (Liquidity Sweep) when price touches the lower support around the levels [4,250$ - 4,252$], as London liquidity kicks in to ride an upward corrective wave.
2️⃣ Downtrend continuation scenario: if the previous week’s low (PWL) is broken and a strong candle closes below it, the bearish sell-off rally will extend to test deeper support levels.
Very happy to be back with you and share the chart. Wait for liquidity to stabilize and trade with caution!
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