After consolidated in the level mirroring Q2 2020 price movement at 1660-1760 area,
XAUSUD form double bottom at 1675 then rebound and break above 1755 and 1770.
Based on Trading Ideas 22 March 2021: XAUUSD In Consolidation Level
that's said "A break and hold above 1770 would add bullish power to rebound targeting 1820, 1875, and 1925."
And for a while, XAUUSD rejected around 1800 near its MA 100 Daily.
And now, a break and hold above 1800 would continue its rebound to
1816 and 1856.
A break and hold above 1856 would add its power bullish to 1875, 1925, and 1965.
But below 1856 would jeopardize its bullish view to neutral.
Anyway, fail to break above 1800 would bring back down to its former resistance ( as now support) 1755
and its MA 50 Daily (now around 1745)
and open the way to retest its double bottom at 1675.
XAUSUD form double bottom at 1675 then rebound and break above 1755 and 1770.
Based on Trading Ideas 22 March 2021: XAUUSD In Consolidation Level
And for a while, XAUUSD rejected around 1800 near its MA 100 Daily.
And now, a break and hold above 1800 would continue its rebound to
1816 and 1856.
A break and hold above 1856 would add its power bullish to 1875, 1925, and 1965.
But below 1856 would jeopardize its bullish view to neutral.
Anyway, fail to break above 1800 would bring back down to its former resistance ( as now support) 1755
and its MA 50 Daily (now around 1745)
and open the way to retest its double bottom at 1675.
