Gold's 3 x bullish major structural changes in 1 weekFor ease of viewing I have displayed only the major structural BOS & ChoCh on this 1Hr chart of XAUUSD.
The brown trail is a standard Bollinger band setting and price is captured only in the past week.
See the 1,2,3 on chart. 2 major Bos in price leadup during the past week. 1 major ChoCh on 30 January.
On the lower timeframe it's noted some bearish sentiment and breaks in structure but I also see that on the 1Hr chart that price has held the 50ema.
I expect price to find buyers around 2783 to 2787 around the 50ema on 1hr and the overall bullish sentiment will prevail.
See the Bear OB where selling started to occur Friday.
Did somebody say some selling?
Gold & silver are Not overbought and price will be looking to continue its ascent to 3000 very quickly imho.
