TREND CYCLE AND PRICE ACTION
Updated
XAUUSD
Monthly timeframe the bulls are in power.
The market is in the retracement (mean than the bulls are collecting momentum for higher prices)
In daily timeframe bulls showed up their power as the structure changed from bearish to bullish
The price is in the daily and 4H demand zone .
What to do?
Go LONG in the demand zone (around 1952.60) and stop level below it.
LIKE,COMMENT,SHARE WITH FRIENDS (LCS)
Monthly timeframe the bulls are in power.
The market is in the retracement (mean than the bulls are collecting momentum for higher prices)
In daily timeframe bulls showed up their power as the structure changed from bearish to bullish
The price is in the daily and 4H demand zone .
What to do?
Go LONG in the demand zone (around 1952.60) and stop level below it.
LIKE,COMMENT,SHARE WITH FRIENDS (LCS)
Note
Enter at current price and stop level around 1951.63Note
Keep on if you captured the raceNote
Re-entry at current price or wait up to 1972.13 and stop level around 1963.34
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