GOLD new bullish momentum

٦ يوليو ٢٠٢٣

XAUUSD
Hello traders,
Today, we observed significant downward wicks in the price action, indicating a strong presence of buyers in the market. This suggests a potential opportunity for long trades in the upcoming sessions, both tomorrow and next week. Additionally, the daily candle closed above the Fibonacci retracement level of 61.80%, providing further confirmation to trade in the upside direction.

However, it's important to remain cautious of any news regarding the dollar, as such developments can swiftly alter the market's direction.