XAUUSD
- Daily Technical Analysis - November 9, 2023 👉🏻 As anticipated in our analysis from yesterday, one of the two plausible scenarios has come to completion, and the price is now on a trajectory towards the next support zone, aiming to rectify a portion of the imbalance that materialised on October 18th.
⚙️ The forthcoming challenge appears to be formidable, as this support zone represents a significant juncture. Notably, it was the same level that served as a robust resistance before succumbing to a pivotal breach on October 18th. This transition of the previous resistance into a support structure signifies a marked change in character on the daily timeframe, favoring an upward trajectory.
- potential bounce back from 1944-1938
- overall trend bullish
- smaller time frame bearish
- news today so keep that in mind
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