XAUUSDHello traders.
I am patient at the moment with this gold price action.
In my opinion I see 2 possible scenarios.
1st is the stop hunt of retail buyers in conjuction with selling panic down to 1792 and then a buying reversal.
2nd one is the retest of the recent highs around 1845-1856 area which will be perfect for shorts.
Note: Weekly TF perspective, it is approaching a strong demand area.
Contrary Note: Broken Daily - 4H - 1H predominent trend.
Conclusion: Wait for the price to touch key levels! There is no need to rush.
Watch the calendar for any news incoming - especially major importants news.
Shift to 4H-1H-15Min for Price Action.
Tomorrow is Monday, so I prefer to see what will give to us, and enter in the Tuesday or mid week.
