Anticipation over XAUUSD reach of 1800 have been exceeding among the traders, Its proved that a Resistance area is there around 1750, in spite of last week break out till 1760. Fails to go up and again retested 1716 last week.
Reversal bar in Weekly chart shows gold may retest down area around 1710.. close to the weekend and Month end Gold starts the journey of 1800..or even in the mid of the week
Note - Just a tentative analysis, subjected to the changes in the market
Reversal bar in Weekly chart shows gold may retest down area around 1710.. close to the weekend and Month end Gold starts the journey of 1800..or even in the mid of the week
Note - Just a tentative analysis, subjected to the changes in the market