pc1992

Potential price action

OANDA:XAUUSD   Gold Spot / U.S. Dollar
From my analysis, price could break the trendline reaching a 4 hr supply zone where it can transition to a bearish move back down to retest the support line and make a higher high to confirm bullish price action. Alternatively trendline may not hold as support and price could break this and continue bearish .

Comments

I feel that price will continue to respect strong dynamic resistance due to incredible USD strength, never know though so let's see how price action develops over the coming week⏳🔥
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