I am demo trading and documenting my progress. This is not intended to be a sell signal !
Ascending Trend line Structure on 4H met resistance at Weekly 1350.00. Currently respecting resistance on a down trend structure bounce and for extra confluence respecting Monthly resistance at 1300.00.
Retest of Weekly Resistance still possible. Buyers may...
The Monday open squeezed out the bull run along the continuing trend line.
Action from the close pre-Sunday was volatile on the hourly. a lot of volume.
Standard volume action but the volatility has given $XAU a strong bed of resistance.