XAUUSD ANALYSIS
Good Day Traders,
Price is forming a rising wedge where it is met by RESISTANCE, and as we know...well some of you know, this sort of market structure indicates a solid push to the downside, so for this market condition, we will wait for that RESISTANCE to be broken and retested for a BULLISH BIAS and wait for the RISING WEDGE to be BROKEN for a BEARISH BIAS.
Price is forming a rising wedge where it is met by RESISTANCE, and as we know...well some of you know, this sort of market structure indicates a solid push to the downside, so for this market condition, we will wait for that RESISTANCE to be broken and retested for a BULLISH BIAS and wait for the RISING WEDGE to be BROKEN for a BEARISH BIAS.
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