XAUUSD has formed a nice W-formation and we can see an inside bar formed today on a 4 hour chart. Furthermore, the pair has just retested strong support line. In a nutshell, the yellow metal has formed a W-formation + inside bar + strong support. We may assume a possible mid week reversal playing out, thus, we may buy gold and aim the previous resistance area before we see a possible drop. Be Sober and Vigilant. cheers!
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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.