Hello Fellow Trader. How's was your weekend?
Today let's analyse the next potential movement for XAUUSD (GOLD)pair.
Based on previous projections, we expecting gold forming correction. Today we see gold at the Support level in a 4-hour timeframe. I expect this level will be broken and moving toward the 1750 price tag. From here we looking for bullish confirmation to retest daily trendline which is entering 1796 to 1779 price zone.
We looking forward next confirmations after the second retest on daily Trendline before making any other decision. They possibly these pair continue on sideways for a few days before we are able to see next significant price movement.
Let's see what happen next.
Today let's analyse the next potential movement for XAUUSD (GOLD)pair.
Based on previous projections, we expecting gold forming correction. Today we see gold at the Support level in a 4-hour timeframe. I expect this level will be broken and moving toward the 1750 price tag. From here we looking for bullish confirmation to retest daily trendline which is entering 1796 to 1779 price zone.
We looking forward next confirmations after the second retest on daily Trendline before making any other decision. They possibly these pair continue on sideways for a few days before we are able to see next significant price movement.
Let's see what happen next.
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