XAUUSD _ 4th week of Feb 2021

What information can we get on XAUUSD:

1. Rejection of price from Daily and Weekly support level

2. I draw two resistant trendline to measure a breakout

Ideas for entry:

a. I'll probably looking for Long opportunity at the first resistant trendline OR

b. I wait for the price action at the 2nd resistant trendline. I'll aiming for Long position if the price break this trendline

* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension