XauUsd- Above 2100 without retest?

4 במרץ

As discussed in yesterday's video, XAUUSD demonstrates strong bullishness on both the weekly and daily charts.
However, following the substantial 450-pip rise on Friday, a correction may follow.
A perfect scenario would involve this correction leading to a retest of the 2060 zone, which was formerly a broken resistance level.

Nevertheless, upon examining the 15-minute chart, it appears that buy orders at 2080 are strong, and the decline from Friday's peak is forming a small flag pattern.

Taking all of these factors into consideration, I am skeptical that the price will drop for a retest, and I am inclined to buy before reaching that support level.

4 במרץ

הערה

As expected, XAUUSD hasn t dropped to test 2060 zone to confirm the break (at least not yet).
At the moment is hovering around Friday s low and 2080 could be the low.
NY open could bring a more clear picture

4 במרץ

הערה

As expected and explained in the analysis and previous updated, xauusd broke above Friday s high and made a new high for the year