XAUUSD Gold
Let's get straight to the point:
In principle, the buying divergence and the rise to an area above 1840 is considered a breach of a very important resistance that was steadfast in front of the expected rises in February, and this indicates that we will stay in this area a lot, which is between 1861-1830, and it is a very vital area.
The current expectation must be a drop to the 1848 area, as shown in the chart, and then wait for it to give a clear signal, such as Japanese candles, or as news from the Federal Reserve that shows us the next direction, either to the resistance line 1861 or the support line 1830
In principle, the buying divergence and the rise to an area above 1840 is considered a breach of a very important resistance that was steadfast in front of the expected rises in February, and this indicates that we will stay in this area a lot, which is between 1861-1830, and it is a very vital area.
The current expectation must be a drop to the 1848 area, as shown in the chart, and then wait for it to give a clear signal, such as Japanese candles, or as news from the Federal Reserve that shows us the next direction, either to the resistance line 1861 or the support line 1830
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