XAUUSD | New perspective

The Gold appears to be recovering from a month low of $1,680 to reclaim the $1,720 area which is my key level for the week on the dismal US PMI to set the tone for a shorter bullish bias.

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Dagangan aktif:

With a reversal pattern identified on the 1H time frame; we might be anticipating a bearish momentum drive at the breakdown/retest of the neckline to join the decline (thereby respecting the bearish trendline).

Good afternoon

Dagangan aktif:

The present structure suggests that the bearish momentum is still likely. Lets see if we are going to see a breakdown of the bullish trendline/keylevel

Good morning

Dagangan aktif:

A signal has been established; Lets look for a retracement to join the rally

Good evening