XAUUSD H4
- Wave C (correction) retraced more than 123.6% but not more than 161.8% leaving a limit @1660 after which the Bull market Cycle resumed.
- Daily candle closed above 1700 so we have higher chances of Upside (market psychology)
- Fib ext. showed that Buyers appeared 123.6% 1676 and 100.0% @1685
- Fib ext. also shows that strong Sellers will be seen between 1768-1785 area
- See link to related ideas
- Daily candle closed above 1700 so we have higher chances of Upside (market psychology)
- Fib ext. showed that Buyers appeared 123.6% 1676 and 100.0% @1685
- Fib ext. also shows that strong Sellers will be seen between 1768-1785 area
- See link to related ideas
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