Hello my fellow Investors and Traders

I am currently observing the weekly timeframe on XAUUSD

Price created an active demand at $1800 some months ago, and price has come back to test this level 2 weeks ago.

This retest stopped above 0.786 of our Fib as well as above this Trendline structure.

This means we can expect a bullish continuation to the upside in coming weeks, however, let’s keep an open mind because anything can happen.

Enjoy your trading experience.
Chart PatternsTrend Analysis

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