XAUUSD July 3, 2024 will the price continue to increase?

3 июл.

Looking at H1, we see that the price continues to sideways in a tradingrank. As I said, this is a correction wave. During the adjustment process, the price will move very complicatedly.
- Looking at H1, we see that the price creates gradually lower peaks and especially the demand zone created by the bottom of wave 4 at the price range 2319 has been approached many times and we see that each subsequent approach the price does not rebound strongly, creating new higher peak. This is a sign that this area is likely to be breached
- Our plan is to wait if the price reaches the target range at 2311 to 2304 to find a Buy order.