XAUUSD GOLD SUPREME Analysis
More than likely the set dependent upon breach of resistance will occur given that the overall trend of the market is bullish......
With that being said the trend looks to be coming to an end and the market is going into a state of either consolidation or trend reversal via
correction wave increase in strength. examination the trend of the market will show the correction line towards the MA , increases in strength and is now causing the market to incline towards a side ways phase which could potentially develop into a straight up still of the trend by the correction waves .
If PA prints under MA I'll wait for a retouch that doesn't print or extend beyond the moving average for confirmation of trend reversal .
With that being said the trend looks to be coming to an end and the market is going into a state of either consolidation or trend reversal via
correction wave increase in strength. examination the trend of the market will show the correction line towards the MA , increases in strength and is now causing the market to incline towards a side ways phase which could potentially develop into a straight up still of the trend by the correction waves .
If PA prints under MA I'll wait for a retouch that doesn't print or extend beyond the moving average for confirmation of trend reversal .
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