XAU/USD Potential Buy Setup Ahead
Weakness in selling pressure is evident here with each bear candle reducing in size, indicating a reversal in the trend along with a pin bar found inside the cluster of bear candles.
If the current 4HR bar closes @ or above $1,198.89 as a doji or a short body, gold will likely push higher and retest the $1,200 area (resistance daily zone).
If the current 4HR bar closes @ or above $1,198.89 as a doji or a short body, gold will likely push higher and retest the $1,200 area (resistance daily zone).
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