Current price of $XAU is at 4760.23. The market shows a recent downtrend with a series of lower highs and lower lows, confirming a bearish structure. Notably, a significant liquidity sweep occurred around 4801.078, targeting sellers who placed their stop-loss orders above this level. Following this sweep, a clear displacement was observed as price moved down sharply, indicating a strong bearish momentum. The pullback to the 4758.69 level aligns with a fair value gap (FVG) created during the downward movement, providing a potential entry point for a short position.

🔴 SHORT XAUUSD (SCALP)

Entry: 4760.00
SL: 4780.00
TP: 4745.00+

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