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vioralle

XAUUSD sideways (but sell is preferable)

Gold Spot / U.S. Dollar (ICMARKETS:XAUUSD)  
vioralle  
ICMARKETS:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern

  1. The pair have made the high recently on the Daily, leaves the OB- and retracement zone on the 4h behind
  2. On the 1h timeframe, it's clearly sideways with both OB- as a resistance and OB+ as a support. It also provide an inducement above the OB-, means seller are in control.
  3. On the 15m timeframe, it's retrace from the OB-, make a new support, a smaller range

Watch for the market reaction at 2325-2329 level.
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