Weekly analysis of XAUUS/Gold with buy and sell scenarios...Gold has reached to Level 2 as we analysed few weeks back.
Gold has created a strong weekly momentum candle showing positive sentiment. But there is divergence with volume. Candle is strongest amongst last four weekly candles while volume is lowest. On daily time frame there are consecutive 5 buy candles. RSI is also over 80 and oversold All these brings a caution
So, price may take a pause or pull back to adjust pricing. Now we need to be cautious and plan for rangebound pull back.
1. Price
