wickywicks

XAUUSD, Bears Loosing Control or Just Another Diversion..?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
T.A review:
Trendline as well as Symmetric Channel
Broken and Retested as well.
Daily M.As are still encouraging BEARS.
1760 is another demand zone and we can
see a Triple Bottom over here.
Doji and Wicks formation indicating a
strong rejection zone.

Previous analysis went pretty accurate.
Let's expected some retracement as well.
Coming week would be deciding the proper
direction.
However, I am expecting another retracement
till 1800-1820.

Comments

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