Hello my fellow Investors and Traders
I am currently observing the weekly timeframe on XAUUSD
Price created an active demand at $1800 some months ago, and price has come back to test this level 2 weeks ago.
This retest stopped above 0.786 of our Fib as well as above this Trendline structure.
This means we can expect a bullish continuation to the upside in coming weeks, however, let’s keep an open mind because anything can happen.
Enjoy your trading experience.
I am currently observing the weekly timeframe on XAUUSD
Price created an active demand at $1800 some months ago, and price has come back to test this level 2 weeks ago.
This retest stopped above 0.786 of our Fib as well as above this Trendline structure.
This means we can expect a bullish continuation to the upside in coming weeks, however, let’s keep an open mind because anything can happen.
Enjoy your trading experience.