Price continues sideways
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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