XAU/USD bears are in the market but bulls setp up
The hourly impulse sees the price correcting back inside towards a major area of support.
Gold price stalls on the offer and bulls are moving in.
Trendline resistance could come under pressure.
As per week's analysis, Gold price Forecast:
XAU/USD bulls committed on the front side of the bull trend, whereby the bearish scenario played out, in-the-money longs were squeezed out:
The hourly impulse sees the price correcting back inside towards a major area of support.
Gold price stalls on the offer and bulls are moving in.
Trendline resistance could come under pressure.
As per week's analysis, Gold price Forecast:
XAU/USD bulls committed on the front side of the bull trend, whereby the bearish scenario played out, in-the-money longs were squeezed out:
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Disclaimer
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.