Is XAUUSD still bearish?
As have discussed in our Multitime frame detailed analysis that after the broke of 2665-2670 support area market in in rangbound from 2660-2630 area.
What possible scenario do we have?
we can expect the market to retest that 2660 level before futher downward movement .
On the other hand if market breaks the 2660 again and gives the H4 candle closes above our bearish charts will be invaild.
More important market was stucked 2 weeks in this zone 2660-2630.
If the 2630 breaks then we have proper bearish trend which i mentioned in my video analysis.
Furthermore, im expecting that market will test the 2605 then 2580 benchmark.
What possible scenario do we have?
we can expect the market to retest that 2660 level before futher downward movement .
On the other hand if market breaks the 2660 again and gives the H4 candle closes above our bearish charts will be invaild.
More important market was stucked 2 weeks in this zone 2660-2630.
If the 2630 breaks then we have proper bearish trend which i mentioned in my video analysis.
Furthermore, im expecting that market will test the 2605 then 2580 benchmark.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.