XAUUSD Gold daily timeframe breakdown
As ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here.
1876 on the daily timeframe being respected would be a key area for the weekly candle to reverse/flip where liquidity is being grabbed from the downside and retesting 1900.
1876 on the daily timeframe being respected would be a key area for the weekly candle to reverse/flip where liquidity is being grabbed from the downside and retesting 1900.
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