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saifullah555
May 7, 2023 5:16 AM

XAUUSD Short Term Retracement is in play  Short

GoldOANDA

Description

Gold overall in Bullish Trend but short term retracement is in play analysis in done on following points.

Bearish Indications:
1) Big Red Candle
2) Retraced from Resistance Level at 2060-2073
3) Triple Top formed
4) Fib 23% & 38% Targets are 1962 & 1896
5) Divergence on RSI & MACD

Bullish Indications:
1) Making Higher Highs
2) AB=CD Pattern Targeting 2150
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