From the look of XAUUSD market movements, you will understand that the price is going sideways as envisaged last week. Based on the up and down price movements within the impulse correction trendlines on H4, the price of XAUUSD is going to bullish to between 1960 - 1970 suppression or upper impulse correction lines when the XAUUSD market opens next week. Probably....
Following the re-test of 1945 area last week, the XAUUSD market price seems to officially marked the beginning of SIDEWAYS market movements on H4 in the coming week (31th July - 4th August, 2023). Video of the analysis will drop on my YouTube channel shortly.
The XAUUSD Market price is going to test 1954 or probably below that amount to form the number 2 of the Elliot Wave impulse correction on H4 time frame. When the XAUUSD market opens on Monday 24th, 2023, it will be almost impossible to expect a strong reversal long moves until during the FOMC news next week. But in all, the XAUUSD market price is going to bullish...
Based on the previous XAUUSD WEEKLY ANALYSIS l posted which l shared a strong bullish views on XAUUSD, l am expecting a retracement to about 1935 and then a bull run will continue on XAUUSD this week.
XAUUSD price broke the previous bottom trend line in the last XAUUSD analysis l posted, forming a new Low at the previous uptrend demand and supply area. Right now, there is a possibility for trend reversal in the 1W time frame as supported by 4h and 1h confirmations too. Also, a fractal confirmation of the possible reversal or impulse corrections will kick in on...
While a lot of people are forecasting BTCUSD for immediate long call, this is the possible market moves that l have analysed. All fingers crossed for a great deal in the market when the hour to execute the plan comes. Trade responsibly and use to market idea l have given to do your own analysis of the market according to your trading skills.
XAUUSD to hold temporarily, range and continue to crash down to 1920