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!
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!