XAUUSD Daily update
Well, our analysis 24 hours ago was spot on with price action replicating what we had said regarding a dip down before a test on the 1970 level, with a high probability of price continuing to 1980 if we can close above the 1970 level.
This was an important level because its prior support and resistance being retested after a leg down, a bottom wick had been created for the 4h candle which was the liquidity grab needed.
From here we can expect price to close bullish on the weekly timeframe, however we still have 2 trading days left so lets see how tomorrows candle closes now that FOMC is out of the way.
This was an important level because its prior support and resistance being retested after a leg down, a bottom wick had been created for the 4h candle which was the liquidity grab needed.
From here we can expect price to close bullish on the weekly timeframe, however we still have 2 trading days left so lets see how tomorrows candle closes now that FOMC is out of the way.
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