[ XAUUSD ]Daily Chart
In the chart, we can see that gold has been standing above 1773 last week.
Open interest in gold futures markets reversed the recent downtrend and rose by around 3.2K contracts on Friday considering flash figures from CME Group. Volume followed suit and went up by around 10.3K contracts, partially reversing the previous drop.
XAUUSD remains supported by $1,760
The three-color path in the picture is my thoughts on the market direction. You might as well try the market layout and trading plan after waiting for the direction to appear.
Everyone in this market wants to make money, so they are unwilling to miss any opportunities.
No one knows where the top is, but the bottom should be the best to find, but the rainbow of bubbles can also be deceiving, pay attention to safety trade! !
hope for Nice Catch up !!!
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