We saw a strong uptrend for XAUUSD in the last week.
There was an upside breakout on the resistance level at 1843 and candles closed above it. Now it has turned into a support level and price has pulled back to it and pushed to the upside.
CCI shows a positive divergence: Although price has made a lower low, CCI has made a higher low
IF candle closes above 1852 in the lower timeframes like 15min, we can enter long with targets at 1860 and 1875.
There was an upside breakout on the resistance level at 1843 and candles closed above it. Now it has turned into a support level and price has pulled back to it and pushed to the upside.
CCI shows a positive divergence: Although price has made a lower low, CCI has made a higher low
IF candle closes above 1852 in the lower timeframes like 15min, we can enter long with targets at 1860 and 1875.
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