Hello there,
Mapping out the XAUUSD, it seems we are in a B retracement in a bearish trend. The price has the potential to move up to the 2340–2374 extremes and drop to the 2260–2237 area.
The price needs to confirm a higher low above 2325 for a bull run at the current level.
Happy Trading,
K.
Mapping out the XAUUSD, it seems we are in a B retracement in a bearish trend. The price has the potential to move up to the 2340–2374 extremes and drop to the 2260–2237 area.
The price needs to confirm a higher low above 2325 for a bull run at the current level.
Happy Trading,
K.
Comment:
The Market is in a downtrend now, selling strongly.