XAUUSD 2 Hour

4 giu 2023

Double top has formed a key level resistance at the top, & a very strong bearish impulsive move has occurred after breaking price below structure. Now, I can see a short term exhaustion take place early in the week to retest previous support as new resistance forming a lower high, where sellers may step in again heavily to push price back to the previous low, & if that is broken a new lower low into the higher timeframe support region at the bottom can occur.