XAUUSD ADVANCE ANALYSIS

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XAUUSD ADVANCE ANALYSISGoldOANDA:XAUUSDTrading_Mechanic19Below mentioned analysis is only for educational purpose and not an investment advise. So, as we mentioned in yesterday's analysis, Price was very bullish and did not take the retracement at all. Yesterday the price moved as we predicted in our analysis and gave us our target one even after a slow moving day. The price bounded back from a 4hr BB during the NY session and rejected completely from a 4 hour bearish FVG (also a fib retracement zone of yesterday high and low) made yesterday after collecting pending orders. Currently the price successfully closed below 1 hour bullish FVG on 1 HR time frame, which shows bears are still active. Our yesterday's entry is still active and currently we are looking for a re entry after we see a confirmation on smaller time frame. We can wait for a bearish CHOCH on 5 mins time frame and enter on retest, targeting yesterday low and further deep inside before giving us signs to go bullish again. Happy learning. Join free telegram channel for more updates and learning - https://t.me/tradingmechanic99