MBM XAUUSD Technical Analysis

11 בנוב׳ 2023

Looking on the Daily Time Frame, it is clear that the BUYERS have marked a NEW HIGH. After every impulsive move there is always a correction to make MARKET STRUCTURE. Structure has been made with reaching a 38.2 Fibonacci level. This level as well is a DEMAND LEVEL where supply was turned to DEMAND. I believe Gold will began to push to HIGHER HIGHS in the coming weeks.