FOR everyone asking what i think asking what i think about XAUUSD, here you go
technically looking at XAUUSD we can see that it has broken out of the major down trend from from august 24 and presently we are looking for a proper retest of the down trend line which is in motion,
HOW DO YOU TELL THE REVERSAL THE REVERSAL TO RETEST THE DOWN TREND ??
take a look at the present market structure formation which has a BOS and a CHoCH showing a POI which was used in marking out another bullish structure with false breakouts then eventually a perfect break and a reversal or retest in progress which will also form a clear HEAD AND SHOULDER PATTERN..
WHERE WILL THE BULLISH RETEST END FOR THE CLEAR SELL TO FORM A RETEST OF THE BEARISH TRENDLINE?
PLEASE NOTE that there is a very important sell zone area about 2519/20, so we are looking for XAUUSD present bullish structure to go back to that zone before the massive dip to find support.
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