The blue line represents the uptrend on the daily. This trend has slowed down as it reach another major supply level at 1802.065.
4h shows HL are built but for a new HH doesn't seem possible with how this supply level is holding XAUUSD.
If it shows more bearish pressure I will be looking for the shorting opportunity sometime this week.
4h shows HL are built but for a new HH doesn't seem possible with how this supply level is holding XAUUSD.
If it shows more bearish pressure I will be looking for the shorting opportunity sometime this week.