#XAU
Generally rising, with the formation of higher highs and higher lows than before
The bullish scenario (most likely):
Condition: price stability and trading above the support zones 4,285 - 4,250.
Target: to break back above the resistance at 4,370 and move toward the psychological barrier of $4,400. The corrective scenario (bearish):
Condition: a 4-hour candle close below $4,220 with strong selling pressure.
Target: a price pullback to re-test the main demand zones between $4,180 and $4,120 before looking for new buying opportunities.
#XAUT
Generally rising, with the formation of higher highs and higher lows than before
The bullish scenario (most likely):
Condition: price stability and trading above the support zones 4,285 - 4,250.
Target: to break back above the resistance at 4,370 and move toward the psychological barrier of $4,400. The corrective scenario (bearish):
Condition: a 4-hour candle close below $4,220 with strong selling pressure.
Target: a price pullback to re-test the main demand zones between $4,180 and $4,120 before looking for new buying opportunities.
#XAUT