XAU/USD OUTLOOK

XAU/USD ANALYSIS 7/12

Check out last week analysis here
(I update my pairs frequently, NOT on tradingview)

Last week we saw price range in a correction
before smaller impulse up
This can be seen on the smaller time frame

Price had took out zone marked in the previous analysis
A perfect example of why trading is rather re-active
Unfortunately, did not update my analysis here on tradingview

Price is starting to show signs of weakness
however, higher time frame suggests more bull side

We may see price drop to the levels marked below
before more bulls step in

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