XAUUSD: Bearish pullback to 2100.0
- Price closed last week with weak bearish pressure after reaching 2190.0 areas.
Daily Timeframe:
- Price left behind big imbalances at 2060/2100 before breaking the all time high an closed last week with a bearish pressure after positive news on US dollar, so price may see bearish pullback move to 2100 (first imbalance) at least.
4h Timeframe:
- As you see on 4h charts price built liquidity below 2150.0 also swept the last minor high at 2170 before week closure and closed with a strong bearish move forming another relative equal low.
* Pivot 2148: We predict bearish move to 2100 at least only if price closed below 2148
Daily Timeframe:
- Price left behind big imbalances at 2060/2100 before breaking the all time high an closed last week with a bearish pressure after positive news on US dollar, so price may see bearish pullback move to 2100 (first imbalance) at least.
4h Timeframe:
- As you see on 4h charts price built liquidity below 2150.0 also swept the last minor high at 2170 before week closure and closed with a strong bearish move forming another relative equal low.
* Pivot 2148: We predict bearish move to 2100 at least only if price closed below 2148
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