XAUUSD Daily
1. Bearish pinbar/rejection candles @ horizontal and trendline resistance. $1285
2. Double bottom identified but not confirmed. Confirmation upon break of neckline.
3. LL and LH at this point, await to see if structure will break or hold for continuation.
Conlcusion:
Pair printing mixed signals, on sideline await direction confirmation to print.!!
Pair is overall bearish with possible short-term bullish identified on Weekly with pins at support and On Daily with Double bottom possibility.
2. Double bottom identified but not confirmed. Confirmation upon break of neckline.
3. LL and LH at this point, await to see if structure will break or hold for continuation.
Conlcusion:
Pair printing mixed signals, on sideline await direction confirmation to print.!!
Pair is overall bearish with possible short-term bullish identified on Weekly with pins at support and On Daily with Double bottom possibility.
Penafian
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