A head and shoulder pattern has formed mostly on the bigger timeframes, technically we should be looking for a bearish market. We also have a strong support highlighted with a black trend line, so should be looking for the market to come and touch for the third time before we bulls start taking over, more especially because Powell has been re-elected, they will...
We have some exciting USD news this coming week which through my analysis have predicted or confirmed that they will be positive for the dollar and as we know that the dollar and gold are correlated. So we expecting to be selling XAUUSD and buying any pair that is USDXXX more especially from Wednesday,