XAUUSD is at a Major Resistance Area , Price Seems to always reversal going in a bearish within that area however the market has disrespected the trendline by price breaking out of it , it could possibly go in a bullish direction towards the Resistance Zone! if so , price would retest back on the trend line and head up!
I wouldn't place a trade on XAUUSD at this moment as there isn't any clear confirmation as where price is heading
I wouldn't place a trade on XAUUSD at this moment as there isn't any clear confirmation as where price is heading
Kommentar:
There was a False breakout for XAUUSD , Price did not continue towards the 1340.80 Resistance Zone!