XAUUSD still Bullish / Wait for Strong Buyers Above $1805 / H4
Previous GOLD analysis👇🏽
If you check you see that the pattern I draw for you worked and after creating DB.
XAUUSD reversed up. Also higher low formed and as long as we are above the trendline ( Gold ), higher prices expected.
On the other hand it looks like that above $1805 we don't see strong buyers.
So rejections from this price can cause GOLD falling and retest the broken trendline.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
If you check you see that the pattern I draw for you worked and after creating DB.
XAUUSD reversed up. Also higher low formed and as long as we are above the trendline ( Gold ), higher prices expected.
On the other hand it looks like that above $1805 we don't see strong buyers.
So rejections from this price can cause GOLD falling and retest the broken trendline.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
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