GOLD XAU/USD Buy

21 thg 12, 2020

Strong institutional selling on November 9th left a Liquidity void on that day and a Fair Value gap over the past few weeks. This is essentially a price gap as this area of price is void of buyers. Institutional traders may fill this area of price to attract buyers long-term and is thus a draw on buy-side liquidity. This is where we as traders take profit (1935.722) and watch from the sideline as there is a daily bearish orderblock which is an attempt to draw buy-side liquidity, and may cause price reversal.