Attention! Attention! Attention! Traders: A Simple and Pure Analysis of XAUUSD GOLD XAUUSD
BULLS sitting below 1700 and wont let it breach, thus a rally starts AGAIN from 1700s.
The weekly swing got fibo's 61% retracement @ 1700. 61% retracement is very common in Forex Trading.
Bulls and Bears will have a punch talk near that zone, and then Bull will overpower Bear as because of SUPPORT zone. Despite this analysis, there we can expect a strong volatility. The prices will change up and down in high momentum.
SILVER XAGUSD Also might consolidate and 26 to 25 and then the North to reach.
Bearish momentum of Gold is about to end and this might be the lowest price for this year. Bullish zone coming in!
We have a lot to see in GOLD. Higher High Expected.
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