XAUUSD Weekly
Two Scenarios can play out
Bullish Scenario - In case of bullish breakout of major falling trendline the market will break through it ,retest it and resume its bullish trend - please wait for confirmation before execution
Bearish Scenario - The market keeps setting lower highs perfectly respecting the major falling trendline. We however need a weekly candle close below 1662 level to confirm breakout downwards
Bullish Scenario - In case of bullish breakout of major falling trendline the market will break through it ,retest it and resume its bullish trend - please wait for confirmation before execution
Bearish Scenario - The market keeps setting lower highs perfectly respecting the major falling trendline. We however need a weekly candle close below 1662 level to confirm breakout downwards
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