XAUUSD is Heading Low as Expected from 1800s and got Rejection from 1.618 and Heading Sharpley Towards 2.618 area Which is perfect Zone with Two Confirmations 1. Resistance Become Support Zone 2.Rally Base Rally (Demand Zone) on the 1 Hour Time frame.
Should XAUUSD comes to 2.618(We can Create Buy Positions) and We can see a Sharp Increase to the upper Supply Area Which is Around 1754 area and Get rejection from that area(You can Place Sell orders).
Happy Hunting ;)
Regards
MuSaQ Forex
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