Technical Breakdown for XAUUSD
Impulsive Move and Correction:
The price made an impulsive move upwards, indicating strong bullish momentum initially.
After reaching the peak, the price began to form a correction pattern, which typically suggests that the trend might continue in the same direction after the correction is complete.
Descending Channel:
Within the...
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If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are...