XAUUSD 15M

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XAUUSD 15MGoldOANDA:XAUUSDSmart_moneyfxGold is currently ranging after a sharp sell-off that followed a clear weak high formation and break in structure. Price swept liquidity at the highs before delivering a strong displacement move to the downside, leaving equal lows (EQL) below and consolidating mid-range. Current Context: Market structure shifted bearish after the high sweep. Strong impulsive move down created imbalance. Price now consolidating above short-term equal lows. Higher timeframe demand resting below. Primary Scenario: I’m watching for a deeper pullback into the 5,120–5,130 demand zone (liquidity + imbalance fill). If price taps into that area and shows displacement, the next objective would be a move back toward the weak high / premium zone near 5,240–5,260. Target: Liquidity resting above weak highs. Invalidation: Clean breakdown and acceptance below demand. Patience here — waiting for price to reach discount before looking for continuation. Always manage risk.