Possible XAUUSD reversal
Rejection from ATH , market is still on bullish reversal.
What possible scenario we have?
Gold is at still in bullish rally.
At moment if 2858-2860 support area sustained, which shown that the rising channel retest the trendline and none a single H4 candle closes below 2860 its mean 2890 on marks!
For bullish trades we have 2858-60 is an first buy zone ,again my intraday traget will be 2890 first then 2900.
One the other hand, if 2858-60 cluster is break which means, 2845 on mark to hit the liquidity gap.
Closing must should be above 2860.
What possible scenario we have?
Gold is at still in bullish rally.
At moment if 2858-2860 support area sustained, which shown that the rising channel retest the trendline and none a single H4 candle closes below 2860 its mean 2890 on marks!
For bullish trades we have 2858-60 is an first buy zone ,again my intraday traget will be 2890 first then 2900.
One the other hand, if 2858-60 cluster is break which means, 2845 on mark to hit the liquidity gap.
Closing must should be above 2860.
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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.