svelvet

svelvet

XAUUSD has made its way to the upper side after 1455. Judging by the resistance trend line, it has been broken and could test 1478.517 (Fib 23.6% 15 minute) before making another move up towards 1492.99 (Fib 38.2% 15 minute). Once price breaks the 1492.99 zone, we could be looking to go LONG to 1504.742 (Fib 50% 15 minute) and see a pullback before moving up...

svelvet

XAUUSD has been moving slowly to the downside after the pullback ever since it created it's lower low of 1450. Yesterday, the support level of 1465 had been tested multiple times before price moved down to 1455. However, it was not able to bolster further down to make a new lower low. At this point, XAUUSD has been creating a bearish channel on the 4H time...