As I said in my morning analysis, I don't believe Gold will fall and test 1830 zone support and all week was trading in consolidation and in a rectangle pattern that means continuation.
A few hours ago, XauUsd has dropped to 1850, but it has recovered very strongly and also made a lower high in short term charts
This gives me confidence in my bullish outlook and a break above 1865 would bring confirmation(highlighted zone on the chart).
Gold under 1850 would put a pause in this scenario
A few hours ago, XauUsd has dropped to 1850, but it has recovered very strongly and also made a lower high in short term charts
This gives me confidence in my bullish outlook and a break above 1865 would bring confirmation(highlighted zone on the chart).
Gold under 1850 would put a pause in this scenario
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