XAUUSD - Week forecast
Hi team , Looking at the Daily time Frame we can see the up channel that is formed (Red) after breaking out of the daily Bull Flag ( Blue ) and coming back for retest at the 1790 zone.
I Believe with all this weeks news we can look to the upside and bounce the support Zones that is given and completing the 5th Wave for the 4H/D up channel.
the 1H/4H channel , keep an eye on this as it is the completion for the 4th wave done in a up channel.
If we can't break it we will be heading to the downside of Major Liquidity zone on the daily and fall back into the broadening bull flag that was broken out of.
Most likely Scenario - we are heading back up to the 1845 to 1870 ranges.
The Daily for the first month also closed with a nice Pin bar and closed above support levels
I Believe with all this weeks news we can look to the upside and bounce the support Zones that is given and completing the 5th Wave for the 4H/D up channel.
the 1H/4H channel , keep an eye on this as it is the completion for the 4th wave done in a up channel.
If we can't break it we will be heading to the downside of Major Liquidity zone on the daily and fall back into the broadening bull flag that was broken out of.
Most likely Scenario - we are heading back up to the 1845 to 1870 ranges.
The Daily for the first month also closed with a nice Pin bar and closed above support levels
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