In my last analysis on USDCAD, I had mentioned how an overall weakness in the USD will simultaneously cause a bullish rally in gold as well as the reason.
Right now, we see XAUUSD breaking through structure high (also previous month high), with a momentum candle, which might mean the bulls are ready for the rally. We'd in our normal nature of being reactive wait for a retest of structure resistance into support before going long.
S T A Y R E A C T I V E
Right now, we see XAUUSD breaking through structure high (also previous month high), with a momentum candle, which might mean the bulls are ready for the rally. We'd in our normal nature of being reactive wait for a retest of structure resistance into support before going long.
S T A Y R E A C T I V E