2018 03 09 - XAUUSD 4-HOUR - RETEST STRUCTURES

2018 03 09 - XAUUSD 4-HOUR - RETEST STRUCTURES

- The price pulled back to retest previous structures at 61.8% Fibo retracement after sharply broke out the descending trend line. Now we can see an engulfing candlesticks pattern is sitting on the structures as a sign for reversal price actions. We expect the price could continue the bullish cycle to the previous structures around 1350.00.

Comment:

Enjoy your profit