XAUUSD remains Bullish
**Monthly Chart**
XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades.
**Weekly Chart**
Weekly candle closed as a bullish low test candle indicating that there is still a strong bullish directional basis towards 2369 level and then 2400 level.
**Daily Chart**
XAUUSD moved higher creating an engulfing candle after testing the demand zone suggesting a continuation of the bullish move. At least to test the high of the IPA around 2387 level. We might see a small retracement in lower time frames before the price pushes higher this week.
XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades.
**Weekly Chart**
Weekly candle closed as a bullish low test candle indicating that there is still a strong bullish directional basis towards 2369 level and then 2400 level.
**Daily Chart**
XAUUSD moved higher creating an engulfing candle after testing the demand zone suggesting a continuation of the bullish move. At least to test the high of the IPA around 2387 level. We might see a small retracement in lower time frames before the price pushes higher this week.
Zlecenie aktywne
XAUUSD is moving as expected based on daily and 4H structureUwaga
XAUUSD Bullish move to be continue this week. Next target around 2,450 levelUwaga
Exactly as expected. We will wait for a release of CPI for a continuation and clear direction.
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t.me/PropsignalAE
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