XAUUSD: Will we see more buys from here??
Looking now from 2hours views has a trendline liquidity and the probability of price to break this trend line is 60%
Reasons;
1. Inducement sits below and price always takes out the inducement and mitigate a POI before going for a new High
2. The previous pullback has bearish momentum signaling bearish strength
3. price has made a three legs move and possible reversals could be eminent
We keep an eye on DXY cause weaker DXY will give gold further bullish sentiment from here
Happy trading
Reasons;
1. Inducement sits below and price always takes out the inducement and mitigate a POI before going for a new High
2. The previous pullback has bearish momentum signaling bearish strength
3. price has made a three legs move and possible reversals could be eminent
We keep an eye on DXY cause weaker DXY will give gold further bullish sentiment from here
Happy trading
Penafian
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