XAUUSD, Looks like Bullish but is it?

7 באוק׳

We’re currently seeing bullish rejections from a daily demand zone, but we're also approaching a daily supply area where sellers were highly active in the past. Essentially, we’re caught between two forces, and the deciding factor may not be on the charts, but rather influenced by fundamentals behind the scenes. This week, news events will likely be a strong catalyst, so it's important to stay vigilant. On a side note, the bulls still seem to be holding their ground, leaving a small window of opportunity to capture a few points from demand areas on the lower timeframes.