MBM XAUUSD Technical Analysis
Looking on the Daily Time Frame, it is clear that the BUYERS have marked a NEW HIGH. After every impulsive move there is always a correction to make MARKET STRUCTURE. Structure has been made with reaching a 38.2 Fibonacci level. This level as well is a DEMAND LEVEL where supply was turned to DEMAND. I believe Gold will began to push to HIGHER HIGHS in the coming 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.