It broke the upwards trend line. A pullback happened towards the trend line.
I expect it will not break the trend line and will bounce back downwards. Wait for the downwards movement to confirm the trend line is indeed broken. If it is confirmed, it is good to enter the sell trade.
I believe that XAUUSD will drop due to the following:
- At a strong resistance level
- It is at the trend line on H4 Chart
- USD is strong this morning
I expect US30 to go up more, to at least TP1, but might even make it to TP2.
Analysis based on 3MA strategy and price action. It also broke the resistance and expected to continue to follow the uptrend.