15-min Gold (XAUUSD) chart shows a break of structure (BOS) at 2575, targeting liquidity at 2578. Price expected to rally post-retest of BOS, offering a long entry with stop loss below BOS and take profit near 2578. Monitor for potential upward continuation.
Overview: After observing a consolidation period on the 15-minute chart, XAU/USD is showing promising signs of a bullish breakout. The chart attached highlights a critical break of structure (BOS) along with a forecasted path that suggests a possible uptrend continuation. The recent price action has breached previous short-term lows, indicating a potential...
The text "liquidity filled" near the top of the price spike suggests that this was an area where a large amount of buy or sell orders were executed, potentially completing transactions that had been waiting for the price to reach this level. Traders often anticipate such areas as potential turning points or areas of price stabilisation.