The price perfectly fulfilled my last idea.
XAUUSD
has been moving upward almost without any pullbacks. The key level that will play an important role this week is 2148.99 because the market will decide whether to close below or above it. On the daily timeframe, we have lost some of the bullish momentum. It seems like bulls are out of breath and they need some rest, which means retracement from the resistance zone. As I mentioned in my last forecast, the market will first move higher, then pull back. Today we also have high-impact news, and I think it is already priced in. My goal is the support around 2134
XAUUSD
has been moving upward almost without any pullbacks. The key level that will play an important role this week is 2148.99 because the market will decide whether to close below or above it. On the daily timeframe, we have lost some of the bullish momentum. It seems like bulls are out of breath and they need some rest, which means retracement from the resistance zone. As I mentioned in my last forecast, the market will first move higher, then pull back. Today we also have high-impact news, and I think it is already priced in. My goal is the support around 2134