::::: Weekly
XAUUSD appears to have a Round Bottom pattern with a divergence building up for possible reversal to the down side of the market price or at most 1600 area, there are two possible rejection entries (1919 and 1793) and given the prevailing risk sentiments (COVID-19) threatening the easing of lockdown and activities restarting in Europe and US, there could be a chase for the metal which could for strengthen the motive for a pullback.
Comments and counter ideas are appreciated for clarity purposes, so kindly do the needful.
Happy Hunting!
XAUUSD appears to have a Round Bottom pattern with a divergence building up for possible reversal to the down side of the market price or at most 1600 area, there are two possible rejection entries (1919 and 1793) and given the prevailing risk sentiments (COVID-19) threatening the easing of lockdown and activities restarting in Europe and US, there could be a chase for the metal which could for strengthen the motive for a pullback.
Comments and counter ideas are appreciated for clarity purposes, so kindly do the needful.
Happy Hunting!