the xauusd price is heavily controlled by the sellers now, the supply in control. it is likely to drop to the 2303 demand zone to see the reaction there . there are 2 scenarios. bounce up because in the higher timeframe it is still in the uptrend.
scenario 2 is that it might retrace deeper at the end of this month to confirm the upcoming sediment of the gold market. I will only focus on the structure not News.
scenario 2 is that it might retrace deeper at the end of this month to confirm the upcoming sediment of the gold market. I will only focus on the structure not News.