XAUUSD 1D TF, normally when there's a big conflict or any major crisis gold buys but we don't know this time how things are going to be depending on the Israel and Palestine cases.
Price is currently facing a rejection at a major resistance zone. Expecting a retracement to the new support and is likel to make another push to give us another touch at the last resistance (to give a fourth touch).
If the market retraces and breaks below support with bearish pressure, then we will wait for confirmation to go short.
✅No confirmation, No entry. 🚫 The market can do anything, manage risk and stay safe.
Price is currently facing a rejection at a major resistance zone. Expecting a retracement to the new support and is likel to make another push to give us another touch at the last resistance (to give a fourth touch).
If the market retraces and breaks below support with bearish pressure, then we will wait for confirmation to go short.
✅No confirmation, No entry. 🚫 The market can do anything, manage risk and stay safe.