XAUUSDFibonacci Retracement drawn on
XAUUSD indicates that bullish pattern is intact. This rally is expected to take correction around 2075; 150 dollars is yet to be seen.Bullish Points :
1. HHs and HLs continue
2. Cup formation
3. Triple Bottom formation
Bearish Points :
1. RSI may cool off forcing it to take correction; but HLs are observed in previous weeks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.