Gold rejection from buyers / Trading Range phase / H1

I upload video analysis of XAUUSD see the market bearish. After market got opened, we had strong sold off ( 200 pips ) but it didn't get to the zone I marked up for you.

03:46

Buyers bought that candle and as you see it has a long tail below that took the liquidity.
Now we have a support key level ( Gold, $1782 - $1784 ) so try to buy at this level if price fall down.
Also we have a resistance key level ( Red, $1809 - $1812 ).
We have to choices now:
1) Buy with higher resistance target ( Top of TR )
2) Sell with lower support target ( Bottom of TR )
Selling is more reasonable to me below the middle of trading range. ( Here we have also a bearish orderblock. )

**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...

تعليق:

190 pips upward movement

تعليق:

Hawkish Powell's tone strengthened the US dollar and made gold fall down.

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Selling pressure is obvious. Check out this video !

03:46

Price action does not lie to you. Although we have some news about Covid-19 new variant but XAUUSD respects price action. Highlighted zone ( OB + LQ ) is where I expect buyers to enter Gold.

تعليق:

144 pips upward move from highlighted support zone, but still bearish !