On a second view of this instrument I still see bears trying to get into the market but bulls have been strong.
XAU/USD Analysis -
The bearish candle is promising at 1800.00, but it is a strange market because a lower high is not yet formed. A correction to lows of 0.618 Fibs may happen, -and those are support and resistance area zones and not supply and demand zones, that is another study of the markets. So sellers, once they get clarity will aim 1720.00
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Ideas in this page are speculative and not a financial market investment advice , please apply your own analysis and confirm it with price action.
XAU/USD Analysis -
The bearish candle is promising at 1800.00, but it is a strange market because a lower high is not yet formed. A correction to lows of 0.618 Fibs may happen, -and those are support and resistance area zones and not supply and demand zones, that is another study of the markets. So sellers, once they get clarity will aim 1720.00
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Ideas in this page are speculative and not a financial market investment advice , please apply your own analysis and confirm it with price action.