XAU daily (1D) chart overview
XAU daily view. 1950 key important level. We are out of descending channel, but still new BOS is not formed. Price is still doing LH and LL. If 1950 is broken and price confirms above, we will have new HH. If price cannot brake 1950 - will be looking for shorts. Liquidity was swept and that’s a good sign for shorts. If it brakes and retest 1950 forming resistance to support - will be looking for longs. Fundamentals like war, feds decision not to hike rates may lead to a vey bullish moves.
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