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CANNOT BREAK THE MID BB PULLBACK TO LOW BB FOR TSR20 TSR20 was expected to do a pullback due to the correlation between the strong USD and the weak gold. The pullback is expected to reach the low BB because as normal or standard analysis once the CS reach the mid-BB and cannot break it it will go back to Low BB. However, it depends on the current economic news it can affect the movement to reverse to a strong buy if the USD becomes weak and gold starts to strong buy again. Good Luck
SGX:TFV2022Short
by nizamtrader2014
1
XAUUSD: BEARISH EXPANDING TRIANGLE 🔻 XAUUSD: BEARISH EXPANDING TRIANGLE 🔻 BIAS: BEARISH 🔻 TECHNICAL PROJECTION: BEARISH On the H4, we have a bearish bias that price will continue further bearish to 1721.4 &1678.73 target to complete its "e wave" from the bearish descending expanding triangle pattern. FUNDAMENTAL PROJECTION: BEARISH FURTHER DXY STRENGTH: Market could be pricing further 75bps hike tightening to come & balance sheet reduction to continue at $60b & $35mbs over the three month timeframe. XAUUSD: ()
OANDA:XAUUSD
by maraxrara