JasonFosterII

XAUUSD August 18th Analysis

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Weekly bullish hammer last week. Daily bullish divergence caused uptrend. There was bearish divergence yesterday which caused it to make a pullback. Was expecting it to drop further but being that weekly and daily is bullish. Expecting market structure of higher high/higher low to maintain until it reaches resistance level at 1801 or 1810 area.
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