Hi
Bulls are still in control of xauusd price as long as 1977.94 support holds which is clearly shown on the 4Hr chart.Even though we have tapped into the supply cum resistance at 2096.38 level there's no confirmation of the downtrend.So to play this setup i would be looking to buy any dips and have my stop below the weekly low at 1968.19 and aim for the top.
Bulls are still in control of xauusd price as long as 1977.94 support holds which is clearly shown on the 4Hr chart.Even though we have tapped into the supply cum resistance at 2096.38 level there's no confirmation of the downtrend.So to play this setup i would be looking to buy any dips and have my stop below the weekly low at 1968.19 and aim for the top.