Technicals:
D1 downside breakout of sideways movement and retracement
H4 bearish gartley, downside breakout of uptrend and retracement
Price at resistance level
Not a fundamentally backed trade as XAU may be bullish due to market uncertainty.
Nonetheless, an interesting technical analysis which we can watch to see if it plays out.
I will be staying out of this trade.
D1 downside breakout of sideways movement and retracement
H4 bearish gartley, downside breakout of uptrend and retracement
Price at resistance level
Not a fundamentally backed trade as XAU may be bullish due to market uncertainty.
Nonetheless, an interesting technical analysis which we can watch to see if it plays out.
I will be staying out of this trade.