XAU ANALYSIS
Updated
(1)Retesting hourly breakout structure, need to break out of corrective structure above 1772.5 and target previous high, if not, Retest HTF bullsih structure at 1759-1764 and look for buys up.
(2)Safest sells below 1759 break and retest
(2)Safest sells below 1759 break and retest
Comment
-Gold respected the 1 hour breakout around 1765, it broke above 1772.5 and then retested for confirmation, now its retesting previous highs. What's Next?- Gold must break and retest 1789 and we can see an impulse move towards 1800.
- It can head to 1775 and retest HTF bullish structure, Where we can see a chance of buys
- sells are tough to see, below 1775 we can head to 1765-1760 range once again
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