XAUUSD was in a clear downtrend last week, a good chunk of the long term buyers in the market would have now been wiped.
According to sentiment, the masses are buying this metal aggressively.
A supportive level was created at the 1770 region, we then saw a purge and revert after gathering buyers liquidity.
We also saw a purge and revert after pushing above the key structural level marked.
I am bearish bias on gold but this could shoot either way.
If the metal remains below the structure marked, it should follow my arrow into the desired target of 1736.
According to sentiment, the masses are buying this metal aggressively.
A supportive level was created at the 1770 region, we then saw a purge and revert after gathering buyers liquidity.
We also saw a purge and revert after pushing above the key structural level marked.
I am bearish bias on gold but this could shoot either way.
If the metal remains below the structure marked, it should follow my arrow into the desired target of 1736.
