XAUUSD - 2024/08/09

Yesterday we had a nice push on Gold causing the daily candle to close very strong bullish. After a close like that we can expect a pullback to happen and only after that see the continuation higher.

On the 1h timeframe we broke the previous lower high and formed a new higher high. What I can see is that the 61% Fib levels aligns with my top 1h volume buy zone. If we get the push into the buy zone I will be looking for long opportunities.

I will update as the day goes on.