Xauusd

Gold from Thursday-Friday was retracing from the fall over the start of the week (see previous published analysis) & late Friday got rejected from 1738-1740 area which shows bearish pressure still on this market. If however if we see 1740 area break to upside we can look for the previous highs to be tested again & a bullish market will be back in swing if no break of the 1740 area to upside I expect a larger fall into marked red zone.

Simple & Effective