GOLD (XAUUSD): Important Test of Structure! Watch Carefully

4 Nis 2021

Two equal lows are always considered as important reversal clue in price action trading.
With a two consequent bullish candles, we saw a strong bullish pressure the last two days.

The last resort for sellers is a resistance line of a falling parallel channel on a daily.
To catch a bullish swing, wait for its breakout.
It will be a perfect confirmation.

Next resistances:
1755
1800

In case if a trend line is respected and the price sets a new ll, bearish continuation will be expected.

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6 Nis 2021

Not

Check my new idea on EURGBP: