MA and Structure Analysis XAU/USD 17/10/2014
We saw a nice correction towards 50 MA on the daily chart and it got perfectly rejected at the structure at 1240.
Now 3 days we have lower highs and this indicates lower strenght for the bulls. We can expect a retest of previous structure lows at 1183.
Now 3 days we have lower highs and this indicates lower strenght for the bulls. We can expect a retest of previous structure lows at 1183.
