XAUUSD: Tricky Area

XAUUSD had a significant rise in the past two weeks, and currently, price has approached to the supply zone which I mentioned in my previous analysis about.

On the other hand, the little descending trend line is broken to the upside and price is fixed above it and it is going to retest the line now.

Honestly, I don’t have a clear view on XAUUSD at this point, but since price is in a supply area and the last bearish trend was stronger than the current bullish trend:
If price breaks the yellow support level at 1834, and closes a bearish candle below this level, I expect a drop on price.

But, on the other side, because of the upside breakout on the descending trend line and the bullish pressure that we are facing at this moment:
If price retested the trend line and pushed to the upside, I expect a rise to 1858, and in the case of an upside breakout on this level, the next target is 1874.

What do you think? Feel free to share your ideas in the comments.

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