XAUUSD: BULLISH TREND
XAUUSD has made a change of character on the 4 hourly timeframe and will possibly break the bearish trend and start to move upward.
XAUUSD will make a small correction since it has reach it's overbought momentum and reject the 1.618 Fibonacci area (dropping to EMA 90) before continuing it's bullish movement.
NOTE: THIS IS A PERSONAL ANALYSIS, DISCLAIMER ON.
XAUUSD has made a change of character on the 4 hourly timeframe and will possibly break the bearish trend and start to move upward.
XAUUSD will make a small correction since it has reach it's overbought momentum and reject the 1.618 Fibonacci area (dropping to EMA 90) before continuing it's bullish movement.
NOTE: THIS IS A PERSONAL ANALYSIS, DISCLAIMER ON.