XAU/USD WENT INTO A TRADING RANGE ON THE 1HR/2HR time.
Bearish bias was confirmed when price struggled to get into the upper half of the trading range, price fell into the buying zone and as a result buyers pushed the prices higher but still failed to overcome the selling zone seen on the 15 minute times which indicated a reversal.
Price fell quickly and its heading into a buying a zone which in which buyers will be interested and a possible trading range might be formed.
Bearish bias was confirmed when price struggled to get into the upper half of the trading range, price fell into the buying zone and as a result buyers pushed the prices higher but still failed to overcome the selling zone seen on the 15 minute times which indicated a reversal.
Price fell quickly and its heading into a buying a zone which in which buyers will be interested and a possible trading range might be formed.