XAU ANALYSIS
After reaching 1798 again gold melted off throughout the day as it broke 1789 and hit 1781, it reacted at this level and jumped back to 1789 with some rejection. What's next?
- HTF gold remains on a bullish uptrend, so potential to revisit 1798 is plausible. it would need to break above 1789 and retest to do so.
- if it reaches 1781 we can see some reaction and if it doesn't break continue buys up to 1789 and plausibly to 1795
- Below 1781 break and retest we can possibly see 1775 and 1772 but this is counter trend trading so very risky.
- HTF gold remains on a bullish uptrend, so potential to revisit 1798 is plausible. it would need to break above 1789 and retest to do so.
- if it reaches 1781 we can see some reaction and if it doesn't break continue buys up to 1789 and plausibly to 1795
- Below 1781 break and retest we can possibly see 1775 and 1772 but this is counter trend trading so very risky.
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