As I mentioned in my previous analysis, price was consolidating and after some rest, it broke up the consolidation zone to the upside.
Currently, we can see a higher high and lower low structure. In daily chart there is also a strong bullish pressure.
At this point, we need to wait for a throwback and some retrace and then enter a long position.
If price came down to retest the yellow broken zone which is between 1682-1691, we can buy XAUUSD with a target at 1731.
Currently, we can see a higher high and lower low structure. In daily chart there is also a strong bullish pressure.
At this point, we need to wait for a throwback and some retrace and then enter a long position.
If price came down to retest the yellow broken zone which is between 1682-1691, we can buy XAUUSD with a target at 1731.
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