Long

XAUUSD Bouncing back to 3450?

3380.27, 3383.94 and 3386.08 three daily consecutively candlestick patter with continuted series of higher low formed the daily support. Previous daily candle just closed at support with an ATR of 1.1ATR, which is quite large in the opposite direction of the major trend while the price is trading above 10ema in the daily.

In 4h there is also 3 ATR ( overall) bearish move is spotted giving a high probability for this market to bounce back to the daily resistance to the major direction of the trend.

We have a buy position at this level and will keep you posted for more updates!

ForexWizard01

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ForexWizard01

Join Free Telegram
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