#XAUUSD is testing an important resistance area 1984 - 1985 and is forming a candlestick setup that may initiate a small counter-trend correction to increase liquidity before further gains. In Friday's review, I said that gold may start a correction, as 1984 will be difficult to pass the first time due to the large pool of liquidity above this area
On Monday, I expect a retest of this level or even the market may try to test the local high and form a small pullback (either within one day or several days), after which further growth will continue, as the market considers 2000, 2021.46 and 2049.56 as targets.
On Monday, I expect a retest of this level or even the market may try to test the local high and form a small pullback (either within one day or several days), after which further growth will continue, as the market considers 2000, 2021.46 and 2049.56 as targets.
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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.