XAUUSD on new hourly floor
I have a weekly analysis here where we see that Gold is reaching a new hourly floor at an Intraday Key Level. We do not know where its going, but it looks like buyers get more and more intersted depending if they expect a lower reversal or not. (I do not think we need more resistance to start looking for reversal patterns in H1 towards bullish)
Will keep you updated.
For me the course doesnt have enough momentum and power yet for a clear direction. Daily Key Level is activated and expecting a reversal towards bullish for the beginning of the week.
Also check volume and available contracts, sometimes there are enough orders on friday of last week to define a direction. If not, we are expecting up and down movements around the POC (point of control) on Monday.
Will keep you updated.
For me the course doesnt have enough momentum and power yet for a clear direction. Daily Key Level is activated and expecting a reversal towards bullish for the beginning of the week.
Also check volume and available contracts, sometimes there are enough orders on friday of last week to define a direction. If not, we are expecting up and down movements around the POC (point of control) on Monday.
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