XAUUSD (Gold) - What Is It Trying To Do?
Hi Traders. In the previous analysis, I talked about buying opportunities around 1680 - 1685, then we saw a strong rejection pushed price all the way towards 1737.
Then yesterday I talked about further buying opportunity if we notice some minor pullbacks + tight consolidation, which is also what the market is doing right now.
Now we're waiting for the final piece, which is a clear rejection at some minor support structure eg. 1713 OR 1704.
I do expect some short-term to mid-term rally on Gold, but let's observe further.
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Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Then yesterday I talked about further buying opportunity if we notice some minor pullbacks + tight consolidation, which is also what the market is doing right now.
Now we're waiting for the final piece, which is a clear rejection at some minor support structure eg. 1713 OR 1704.
I do expect some short-term to mid-term rally on Gold, but let's observe further.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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