The price spiked up from the support level.
XAUUSD
made an engulding candle. On the daily timeframe, it formed inside a bar formation. I think the market may keep moving sideways between 2410 and 2365; it could be the continuation of the current trend because it broke the triangle formation. The price rolled back to retest the triangle pattern. I expect a retest of the recent resistance zone in case the market bounces off the support. My goal is the resistance zone around 2405.
XAUUSD
made an engulding candle. On the daily timeframe, it formed inside a bar formation. I think the market may keep moving sideways between 2410 and 2365; it could be the continuation of the current trend because it broke the triangle formation. The price rolled back to retest the triangle pattern. I expect a retest of the recent resistance zone in case the market bounces off the support. My goal is the resistance zone around 2405.