XAUUSD - 2024/08/19
Friday gold finally broke higher and created a new ATH.
The current market sentiment is still extremely bullish and we can expect Gold to keep moving bullish today, technically we can see that ons the daily, 4h and 1h timeframe we are creating HH and HL’s. I want to see a nice pullback to the 50% of my daily en 4h zones to create a HL and then from there on we can see new leg to the upside.
Fundamentally, there is no news being released today that will have an impact on gold, so we are able to interpret a trade based only on technical analysis.
The current market sentiment is still extremely bullish and we can expect Gold to keep moving bullish today, technically we can see that ons the daily, 4h and 1h timeframe we are creating HH and HL’s. I want to see a nice pullback to the 50% of my daily en 4h zones to create a HL and then from there on we can see new leg to the upside.
Fundamentally, there is no news being released today that will have an impact on gold, so we are able to interpret a trade based only on technical analysis.
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