XAU/USD has tested the resistance at the channel's upper boundary. We're now observing bearish price action developing in the lower timeframes. We anticipate a revisit to the previously identified resistance zone to fill the fair value gaps (FVGs) formed, after which we expect another bullish reversal to occur.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.