XAUUSD potential retracement and entry

١١ نوفمبر ٢٠٢٢

downbeat US CPI data about inflation led a market rally which bulls are looking for clues to extend. There was a classic textbook double bottom after which the downtrend reversed into said rally. I myself caught a buy from 1712 to 1731 which was nice. I expect a retracement to 0.786 and probably price consolidation for the next day between 1 and 0.786. When the new York session opens on the 12th of November a bullish movement maybe present.

Sorry for the lack of detail today,
have been busy with uni
A more detailed idea will be published shortly,

TRADE WITH CAUTION
GOOD DAY