XAUUSD - has made a nice bearish impulse on the daily TF and is extremely over sold on the RSI indicator, after a impulse we expect the market to give us a nice correction, also on the daily market has formed this M formation in which we expect to complete at the neckline giving us upside target, we will be waiting on lower timeframe for new bullish price action before looking for a valid entry for a intraday long position
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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.