XAUUSD IN AN IMPORTANT ZONE
XAUUSD aka my baby aka Gold has had a good bullish week however can the bulls maintain this possible change in trend? The market is currently technically bullish and the only time I will be looking for sells if break the last zone on the chart which is our lower high. Breaking that zone would mean that we have once again the bulls have failed to conquer because bullish structure would have been broken. Should we break below the zone we will wait for a retest of it to then target 16.16 which is our weekly supply and and demand area. Remember that nfp week is coming so the market will have a lot of volatility and the possibility in increasing interest rates is higher therefore apply risk management so that you do not blow your account.
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