XAUUSD on recovery
As in our recent previous commantaries we mentioned our selling setups which Tp has been hit and we grabed 300 pips.
What possible scenario do we have?
Market is still in bullish rally and strong rejection on H4 candles from 2863 zone which shows the Bullish reversal,now gold is at verge of last resistance area which is playing a key role of bullish rally.
If 2896 turns red flagged then we'll have 2930 on marks .
On the other hand ,for sellers if H4 Candle closes below 2890 our eyes will be again at 2855-60 structure
What possible scenario do we have?
Market is still in bullish rally and strong rejection on H4 candles from 2863 zone which shows the Bullish reversal,now gold is at verge of last resistance area which is playing a key role of bullish rally.
If 2896 turns red flagged then we'll have 2930 on marks .
On the other hand ,for sellers if H4 Candle closes below 2890 our eyes will be again at 2855-60 structure
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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.
Related publications
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.