XAUUSD POSSIBLE LONG
Hey guys, hope you had a great weekend, today I will be looking at XAUUSD. At the close of Friday, price failed to break 1805 PL; and instead multiple wick rejections started forming around that level, before it finally retested the H4 1800 PL where it failed to break below. Currently we see a huge bullish impulse candle that formed after price failed to break below 1800. Price has now broken above 1805, a previous Psychological level it failed to break and is now in a small consolidation box.
We expect price to break above 1808 impulsively in order for us to capitalize on a long to the Daily PL at 18500.
We expect price to break above 1808 impulsively in order for us to capitalize on a long to the Daily PL at 18500.
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