Price is still in a bearish market; but there are signs of sellers exhausting. We also have a bearish straight leg and a Bullish engulfing Candle on hour 1 hour and 30 Minute time frames. I fully anticipate XAUUSD for a nice retracement as we search for minimal 50% on our fib levels towards our strong 4 Hour time frame resistance; also where our 1 HR bearish Order Block & supply zone lies.
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