XAUUSD Weekly Analysis
Monthly candle: Showing respect for the previous month but facing potential rejection from the upside.
Weekly candle: Confirmed resistance with a range to the downside, but uncertainty remains around levels of 1950 and 1975.
Daily candle: Appears to be a fakeout from 1950, returning to the 1975-2000 range. If it surpasses 1985, there may be a move towards 2000.
4H candle: Bullish close after FOMC, but the area has been ranging, have to careful because we will see fakeout from both direction. And range bit on this area.
Weekly candle: Confirmed resistance with a range to the downside, but uncertainty remains around levels of 1950 and 1975.
Daily candle: Appears to be a fakeout from 1950, returning to the 1975-2000 range. If it surpasses 1985, there may be a move towards 2000.
4H candle: Bullish close after FOMC, but the area has been ranging, have to careful because we will see fakeout from both direction. And range bit on this area.
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