AVCDTrader

Gold attempting for another ATH?

PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD
Gold remains to be bullish for weeks. However, momentum and volume seems to be lacking. On the 4H time-frame, heavy wicks above and 50% Fibonacci rejection would be an indication of market exhaustion. In the 1H time-frame, this 1 probable setup I am looking at. Please do exercise your own judgement as this is not an financial advise. Good luck traders!
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