- May 11, 2026
- Posted by: EWGFX
- Category: Technical analysis
XAUUSD spent the first half of the session grinding below the Prev D Low (4682), building structure in the discount zone. BOS confirmed at the lows, followed by MSS as buyers stepped in.
Then a displacement candle around 15:00 launched price from 4668 through equilibrium and straight into premium, tapping 4738 in a matter of candles. That’s a $70 move with no meaningful pullback.
Price pushed into the Prev D High zone (4749) and got rejected. MSS printed at the top. LTF flipped bearish. The easy money on the long side is done.
Now price is sitting at NY Open (4728), right around the NY-OR High. Equilibrium at 4700 is the first pullback target if the range breaks down. Prev D Low at 4682 is the deeper level.
The structure is clear: buyers reclaimed from discount, pushed into premium, and ran out of steam at the prior high. From here it’s about whether the premium rejection holds or gets absorbed. The MSS at the top says sellers showed up. Whether they can hold is the next question.
Not financial advice. Educational content only.