XAUUSD movement for the week
with heavy sells for last week and buys on Friday ,we are looking for price to break out of the pull back we are having on the daily. If price continues to go bullish we can look for a retest and a rejection from the 1932 area of interest , having multiple rejections from this area for weeks we can look for the last rejection and a head and shoulder pattern to form and break us out of the bullish trend and aim bearish. if price does not form a head and shoulders we can look for price to continue bearish . to follow up with more trades follow my insta @ mb.mbandz
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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.