Expecting a bearish pullback on XAUUSD
I don't expect a major change to the overall bullish trend rather I expect a correction to occur today.
Im trading a rising wedge which leads to the 38.2% of the recent high/low on 4H. On the 1H chart, there seems to be a head and shoulders forming in a rising channel which is solid indication that a reversal can take place. Yet on the daily I dont see anything yet until I get more data (days pass).
Im trading a rising wedge which leads to the 38.2% of the recent high/low on 4H. On the 1H chart, there seems to be a head and shoulders forming in a rising channel which is solid indication that a reversal can take place. Yet on the daily I dont see anything yet until I get more data (days pass).