XAUUSD should be buying long term, With the FOMC news release, yesterday, caused Gold to drop 800+ pips which correlated with technical analysis with price being at a supply zone/major resistance (1902) on the weekly timeframe. This buy towards the supply zone was due to the double bottom price created on the 31st of March 2021, this impulsive move toward 1902...
In correlation with the XAUUSD long trade from 1757. On the open of this week price missed 1757 by a couple pips however I am still for the Long term buy on XAUUSD. Today price pushed up in an attempt to create a higher high and rejected off of the 1795 resistance level creating a major rejection and candlestick confirmation for the sell together with the bearish...
