XAUUSD
(1) After the recent drop, the price found support at the weekly trend line, forming wide swings + consolidation range = bearish momentum loss.
(2) The price also broke the falling wedge pattern, along with the 50EMA = bullish. add n check
(3) To further confirm our short-term trend as bullish, we should wait for a minor structure break on the 15m. However, be careful as some probability of a fake-out still exists and wait for a clear momentum candle close above the structure.
(2) The price also broke the falling wedge pattern, along with the 50EMA = bullish. add n check
(3) To further confirm our short-term trend as bullish, we should wait for a minor structure break on the 15m. However, be careful as some probability of a fake-out still exists and wait for a clear momentum candle close above the structure.
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