XAUUSD

6 Tem 2021

XAUUSD looks bullish for the week ahead, the market has been in a down trend for some time, but we saw how it failed to create new LL between March and April, which resulted in the formation of a double bottom, after that we saw the market pushing up higher impulsive and Violated the previous LL structure, it then went straight to previous LH. Looking at the current structure the market has printed a new HH for us the made the strong bearish pullback to form a new HL on Higher time-frames. The pull back is in confluence with the 61,8 Fib level. i am looking at a further push to form new HH but potential target area is the current HH of the market.