xauusd range 05/02/2021
Gold is in a short term bullish structure on 4H, yet on the daily we are still in a sell bias structure. This range of Gold shows 2 things.
1.Exhaustion in the Market
2. Opportunity for trend reversal.
I will need Gold to definitively break out to one direction before entering market. Looking at the dollar, i'm somewhat biased and looking for sells primarily.
1.Exhaustion in the Market
2. Opportunity for trend reversal.
I will need Gold to definitively break out to one direction before entering market. Looking at the dollar, i'm somewhat biased and looking for sells primarily.
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