GOLD XAUUSD M15

Wait 5 sec.

GOLD XAUUSD M15Gold vs US-DollarBLACKBULL:XAUUSDShavyfxhubThe H4channel Supplyroof is updated and many retail traders are not aware,this kind of rally is good but need correction,the market strives on buy/sell liquidity without liquidity market doesn’t move. The 15min is a mirror of price direction and if newyork reject London high it will print a new high on the Supplyroof ascending trendline and it’s estimated to be around 4618-4600 zone. The larger channel on 15 is giving 4700-4685 on M15 CHART. the US10Y AND DOLLAR INDEX remains unpredictable and any changes in the dollar will lead to reversal of GOLD rally. On daily line chart close we are trading above the supply structure which technically puts price in the hand of retail buyers ,but institutional Demandfloor remains the weekly’s break of structure and followed buy hold,if on daily we hold bullish structure higher high /higher low and bridge key supply then we are long to new all time high. This buying is not strong enough to conclude bullish ,we need correction in gold price into 3400 or lower to see rally. #gold #xauusd