FX:XAUUSD Gold Spot / U.S. Dollar
XAUUSD " Wyckoff Trading Range"
On an hourly time chart, the Wyckoff trading range and accumulation have been spotted. According to the Wyckoff theory, the price may hit the support level again to exit the odds from the current trend.
Look at the above chart: "Secondary Test has been completed with Good Volume Spike." This is where many traders would exit their position, which is known as Stop Loss hunting.
Price might rise again. According to the Wyckoff theory, we may see some bullish signs until 1800$.
Gold Near Support Level