The price has recently reached a higher high (HH) with huge demand observed in the market over the past few weeks. However, we have seen a rejection at this higher high, which may indicate that the price is due for a correction before the next bullish continuation.
Based on my analysis, I believe that XAU could potentially experience a correction to my target levels before resuming its bullish trend. This prediction is supported by technical indicators, which suggest that the market is overbought and due for a potential pullback. Additionally, there is strong support at my target levels, which could provide a base for the price to bounce higher.
Targets: 1989, 1977
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
XAUUSD
Based on my analysis, I believe that XAU could potentially experience a correction to my target levels before resuming its bullish trend. This prediction is supported by technical indicators, which suggest that the market is overbought and due for a potential pullback. Additionally, there is strong support at my target levels, which could provide a base for the price to bounce higher.
Targets: 1989, 1977
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
XAUUSD
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