XAUUSD Idea
This is an accumulated base on the H4 timeframe. The price has finished testing the AR in the Wyckoff scheme and made a bullish CHOCH and the price will retrace to test the validity of the secondary test at the beginning of the base. If the price does not break through the ST, the price will get sufficient liquidity so that an LPS is created which will push the price to create a sign of strength in the form of a Sign of Strength (SOS) at the 1720 area level. If all goes well then in the next few days we will see the price leaving the 1720-1730 area and rallying towards a new base in the 1800-1900 area.
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