XAUUSD H1
XAUUSD is evolving in zones to zones
The zone A is an ancient support and we are obserrving rejection around that zone.
Lately we had price turning down to lower points from that zone so in this case we have lots of possibilities
1. Price can breakdown the zone B and go below to go and get to the zone C
2. The most obvious cause in the lower timeframes we are having a buildup around the ancient resistance turn to support in this case price can rebound on the zone B and then breakout and go to the resistance upper.
3. Price can also break the zone B and continue breaking levels to check on the lower points 1798.558
XAUUSD is evolving in zones to zones
The zone A is an ancient support and we are obserrving rejection around that zone.
Lately we had price turning down to lower points from that zone so in this case we have lots of possibilities
1. Price can breakdown the zone B and go below to go and get to the zone C
2. The most obvious cause in the lower timeframes we are having a buildup around the ancient resistance turn to support in this case price can rebound on the zone B and then breakout and go to the resistance upper.
3. Price can also break the zone B and continue breaking levels to check on the lower points 1798.558