The correction of XAUUSD is ending
The correction of the uptrend is ending. The size of the red bubbles approves that the chart is getting near to upper trendline. In addition, The bottom of (A) hadn't enough energy to break out the prior bottom and the chart created higher bottoms [(B) & (C)] compared to (A).
Therefore, the upper trendline is more probable to break because the power of buyers has dominated gradually the seller.
Therefore, the upper trendline is more probable to break because the power of buyers has dominated gradually the seller.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.