In the H4 TF, XAUUSD is currently respecting the strong support level of 1955.19. If the current H4 candlestick could close and form an engulfing candlestick pattern plus the previous imperfect bearish tail bar, then this is a strong signal for the xauusd to push up to the 1982.82 resistance level.
XAUUSD'S CURRENT MARKET CONDITION: LARGE RANGE. It's in a sandwiched state.
TRADE STRATEGY: PICK THE TOP AND BOTTOM
FACT: This is not the best place to buy the xauusd, but if you are an aggressive kind of trader, you can buy it now or wait to buy it at @1940. 00 or sell it at @1980.00
XAUUSD'S CURRENT MARKET CONDITION: LARGE RANGE. It's in a sandwiched state.
TRADE STRATEGY: PICK THE TOP AND BOTTOM
FACT: This is not the best place to buy the xauusd, but if you are an aggressive kind of trader, you can buy it now or wait to buy it at @1940. 00 or sell it at @1980.00