XAUUSD price continues to move sideways 🐌 after reaching an all-time high (ATH). It appears to be forming a complex pullback, 📉 as it has not retested the previous higher high.📊 This price action may lead to a triangle formation, indicating a potential squeeze.🔀
🗞With high-impact news scheduled for today, I anticipate the market may retest the previous week's low zone,🔻 possibly by forming a complex pullback (like an ABC move) 🆎 before bouncing back, consistent with the current sideways trend.
🎯My target is resistance zone around 2665.
🗞With high-impact news scheduled for today, I anticipate the market may retest the previous week's low zone,🔻 possibly by forming a complex pullback (like an ABC move) 🆎 before bouncing back, consistent with the current sideways trend.
🎯My target is resistance zone around 2665.
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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.