GOLD XAUUSD
Let's base our analysis on the (if) method.
If the price rebounds to 1800, then we either risk with the first rebound and we open selling and the first target will be 1787 and the second target is 1775.
If the price breaks the 1802 area and settles above it, the first target is 1812.
If the price reached 1812 and was unable to break it, the rebound will be large to the areas of 1787 and then to 1775.
In all cases we deal with selling more than buying because we are still in the control area of the sellers.
If the price rebounds to 1800, then we either risk with the first rebound and we open selling and the first target will be 1787 and the second target is 1775.
If the price breaks the 1802 area and settles above it, the first target is 1812.
If the price reached 1812 and was unable to break it, the rebound will be large to the areas of 1787 and then to 1775.
In all cases we deal with selling more than buying because we are still in the control area of the sellers.
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