XAU ANALYSIS
-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 risky since we will be counter trend trading BUT if we fall below 1781 we can head below to 1775. If that gets broken we can head to 1765-1755 range once again
- 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 risky since we will be counter trend trading BUT if we fall below 1781 we can head below to 1775. If that gets broken we can head to 1765-1755 range once again
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