Gold price had take off significantly, due to increasing war, and most investors move to gold as safe heaven. Previous resistance had been broke and will becoming support. (RBS) Price expected to test RBS area, before shooting up high again. Price expected to react on : 2679.474
Gold price indicating strong short term bearish movement, before forecasted to rally again in next month.
XAUUUSD - 1H The market structure shows two resistances at the same level, and in line with SRF. Price will shoot up, to find the supply zone, (Purple line) before crashing to find the demand zone. Setup QMR : BUY to be formed after price touchdown.
Prices are expected to fall as a reaction from the supply zone, to complete a fake-out at the demand zone. Price will crash to break 3 parallel supports to find a Kink at the demand zone. When the price reacts to the demand zone, we switch trade to buy for a longer term.
Price will expected to react to be bullish until creating a new higher high, before continuing for bearish move. USD will dominate the market.