XAUUSD Trend Analysis Week of Mar. 25th
Weekly=Bullish.
Daily=Bullish.
4H=Bullish.
Major rejection on higher time frame but market is still overall bullish.
As long as the 4h maintains bullish structure look for buys.
Currently 4h is in a deep pullback to 78.6% & 88.6% fib level.
Because of Major rejection on higher time frame I would only use 0% (top of Fib) & -23.6% as TP levels. Just in case price decides to go up to those areas again and reject. May see shift of structure soon on 4H.
Daily=Bullish.
4H=Bullish.
Major rejection on higher time frame but market is still overall bullish.
As long as the 4h maintains bullish structure look for buys.
Currently 4h is in a deep pullback to 78.6% & 88.6% fib level.
Because of Major rejection on higher time frame I would only use 0% (top of Fib) & -23.6% as TP levels. Just in case price decides to go up to those areas again and reject. May see shift of structure soon on 4H.
