BUYS ON XAUUSD

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BUYS ON XAUUSDXAU/USD SpotFX:XAUUSDDiegoCorde🧠 Current Context on Daily (1D): 🔸 Price is currently in a clear short-term bearish structure following a Break of Structure (BOS). 🔸 It’s dropping towards a zone where a bullish order block begins, around the 75%-100% Fibonacci retracement. 📌 The 50 EMA on the daily chart (around 3,281) is still below price, indicating the overall macro trend remains bullish, but the current move is a healthy bearish correction. 📉 What to expect in the next few hours/days: 🔻 Scenario 1 – Continuation of the drop (likely in the short term): Price could continue falling toward: 75% retracement zone (~3,339) 100% retracement zone (~3,302), which aligns with a previous demand zone and is close to the 50 EMA ✅ In that area, we could expect: Mitigation of the daily OB Bullish reaction if there's a liquidity sweep or confirmation on H4/H1 📈 Scenario 2 – Reversal from current level (less likely without confirmation): Price is close to the 71% Fib level, so a small bounce may occur, but without liquidity being taken or clear reversal signals, it’s likely to be weak or temporary. 🔥 Conclusion: It's not yet time to buy impulsively. The price is dropping in an orderly fashion and hasn’t reached a key liquidity zone or the 50 EMA. 👉 Wait for price to reach the 3,339 – 3,302 zone and show PA (price action) confirmation of a reversal. That could offer a high-probability long opportunity.