XAUUSD (Gold) - What Is It Trying To Do?

Hi Traders. In the previous analysis, I talked about buying opportunities around 1680 - 1685, then we saw a strong rejection pushed price all the way towards 1737.

Then yesterday I talked about further buying opportunity if we notice some minor pullbacks + tight consolidation, which is also what the market is doing right now.

Now we're waiting for the final piece, which is a clear rejection at some minor support structure eg. 1713 OR 1704.

I do expect some short-term to mid-term rally on Gold, but let's observe further.


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All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.