XAUUSD Daily Rejection of the monthly hight Zone
XAUUSD daily price action has been rejecting monthly high zone with the daily resistance (1340) still holding firm confirmed by a daily doji candle. Although on the daily resistance has
held if we take a look at the H4 timeframe youll see the H4 trend making higher low.
I am expecting price to reach the monthly zone stopping at the weekly mid-range resistance (1400). Price already broke and also tested weekly mid-range support (1254) and now penetrated monthly key level resistance (1326) with moving average indicating momentum is on the bullish size.
held if we take a look at the H4 timeframe youll see the H4 trend making higher low.
I am expecting price to reach the monthly zone stopping at the weekly mid-range resistance (1400). Price already broke and also tested weekly mid-range support (1254) and now penetrated monthly key level resistance (1326) with moving average indicating momentum is on the bullish size.
