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XAUUSD ¿Can we confirm WYCKOFF DISTRIBUTION?
1️⃣ Demand Taking a Break: After hitting its ATH with a clear UPTHRUST, the market has paused.
2️⃣ Triple Test Failure: Three tests with no significant demand generated.
3️⃣ Price Exhaustion: With the price looking worn out, we could see a move towards the $2487 liquidity zone and potentially lower, offering the supply side a chance to find fair value.
Keep an eye on how this unfolds. ⚠️
(Source from: TV-By Jaytradermb)