"XAUUSD Weekly Analysis: Multiple Liquidity Levels

On the Weekly timeframe, the open liquidity at 2758 has been cleared, followed by price targeting the FVG (Fair Value Gap) between 2529-2546. After filling this FVG, price action targeted the 2724-2686 range that formed during the downward movement, which has now been filled. The next potential targets are the open liquidity at 2536 and the POI (Point of Interest) zone between 2450-2496. An alternative scenario could see price targeting the open liquidity cluster between 2364-2353. This analysis becomes invalidated with a weekly close above 2721.
The market structure suggests we're in a methodical liquidation phase, with key technical levels being systematically tested and cleared. Keep in mind that while these targets present opportunities, proper risk management is essential, particularly at these critical price points.