OANDA:XAUUSD   Gold Spot / U.S. Dollar
DAY LEVEL :
On 14th oct , the candle closed above the bearish candle on 16th sep.

Since its the previous sellers area, the next day sellers stepped in and it gave the pull back for the miniature uptrend starting on 30th.

Two options : sellers pushing the market to the next support and testing the miniature HL at 1754 OR buyers breaking above the resistance at 1793 and making new HH.

4H :
Next support at 1780 and resistance at 1785.

1H :
Miniature buy is the current setup.
1788 resistance / sellers area .

Current 1H candle at 11:00 broke the
trends support.

The pullback candle is yet to be engulfed by a bearish candle for short entry

OR

If the seller fails , the bearish candle that broke the support needs to be engulfed or closed above and the pullback would be the entry for the long positions.






Comment: Momentum lost at 17:00 candle close.
Expecting more selling action.
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