XAUUSD Bullish Pressure
As I expected, price dropped to 1618 and after touching 1616 which was a support area, we saw a strong upside push on XAUUSD and a rise to 1653.
Currently, price has broken the last high and has made a higher. We can see the bullish pressure on the market but we should wait for a higher low to be formed.
There is a resistance level (red line) at 1650 which has hold the price for now, I expect a throw back around 1739-1740 which is the broken area, and after price made a higher low at this zone, we can expect a rise to 1658-1660
Currently, price has broken the last high and has made a higher. We can see the bullish pressure on the market but we should wait for a higher low to be formed.
There is a resistance level (red line) at 1650 which has hold the price for now, I expect a throw back around 1739-1740 which is the broken area, and after price made a higher low at this zone, we can expect a rise to 1658-1660
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