💡 XAUUSD: Continue to increase
Updated
Gold had its second consecutive day of price increase, but because the price is still in the inside bar model, the state of cumulative price compression continues to be maintained. The current D1 gold chart structure is sideways, overall favoring price increases.
H1 gold pushed up yesterday, breaking the accumulation zone below. Currently the price is blocked at the resistance above. Today's expectation is that the pullback from this resistance can help form a bullish flag pattern - helping to continue following the most recent upward push.
H1 gold pushed up yesterday, breaking the accumulation zone below. Currently the price is blocked at the resistance above. Today's expectation is that the pullback from this resistance can help form a bullish flag pattern - helping to continue following the most recent upward push.
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