XAUUSD intraday view to what might look corrective.
On the hourly timeframe the major swings are overlapping which might mean price is in a corrective face and yet to continue falling.
But alternatively price might be forming a 1-2 1-2 type of a movement which signals an extension to follow.
At the moment I am expecting price to correct and at least find support at the 78.6% fibonacci level of support.
A happy trading to you all.
God Bless You.
But alternatively price might be forming a 1-2 1-2 type of a movement which signals an extension to follow.
At the moment I am expecting price to correct and at least find support at the 78.6% fibonacci level of support.
A happy trading to you all.
God Bless You.
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