XAUUSD good time to Go Long now.

20 בספט׳ 2022

It is Day-2 today, XAUUSD Price has not yet broken the low created on last Friday, despite being Bearish the whole of last week. What does this mean guys? It may be assumed that the last low on Friday is a market edge and buyers may not be allowing the Price to close below it. This also means, Market is displaying a slight upward sideways trend. If the same trend continues, there are good chances for Price to hit our Target at 1697. I have identified hidden Geometrical lines in 1 Hr chart, which may be very helpful for your analysis. Latest 1 Hr candle has touched triple intersection of lines as shown in the image and displayed high buying pressure in the bottom wick of the candle (@ 7:30 PM IST). Do check it. Thanks.