XAUUSD (GOLD) PRICE IS AT A DISCOUNT AND BROKE STRUCTURE

Price has broke structure on 4H and 1H time frame. We are not expecting an elimination of Order Block formed by the instition before the price fills the imbalance and drops and continues the trend. This would be scenario 1.

Alternatively, as Scenario 2 we can see the price filling the imbalance above first and then drop to carry on the Bearish Order Flow.

Note how price started bearish momentum as soon as it entered the premium

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Gold reacted at our POI