XAU time to long??
As far as I concern, the price just hunted the previous low and rejecting it right now and it has form a falling wedge as well. The price also found confluence of support of fibo as well as the retail support area.
further more, in America, the stimulus package is about to be pushed out which will make USD even weaker. everything line up so far.
good luck trading :)
p.s. There might be another retest of the support but if broken then this analysis is invalid.
further more, in America, the stimulus package is about to be pushed out which will make USD even weaker. everything line up so far.
good luck trading :)
p.s. There might be another retest of the support but if broken then this analysis is invalid.
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