XAU Shift before bullish takeoff
XAU has managed to break the two-week range between 1797.00 Upper bands and 1750.00 lower bands.
This consolidation comes as normality after extending a steep decline right off the 1900.00 zones as accumulation now shapes into form.
A projected re-test of the established mid-range sees a short entry opportunity toward 1775.00.
This establishes a confluence setup as price may bounce off the 1775.00 weekly reactive zones further continuing the bullish push toward 2104.00 later this year.
This consolidation comes as normality after extending a steep decline right off the 1900.00 zones as accumulation now shapes into form.
A projected re-test of the established mid-range sees a short entry opportunity toward 1775.00.
This establishes a confluence setup as price may bounce off the 1775.00 weekly reactive zones further continuing the bullish push toward 2104.00 later this year.
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