Bullish Momentum for XAUUSD: Potential Dip Expected
Hi there,
XAUUSD appears bullish at the 3-hour time frame, with the current three-hour candle opening bullish to the third candle and engulfing the high of the previous candle within a bullish range. The current candle is strong, but we anticipate a potential dip.
In the event the price dips, the drop should not exceed 2129.946; otherwise, that would be near the invalidation line.
The first resistance is 2272.532 for a bias of 2349.240.
Happy Trading,
K.
XAUUSD appears bullish at the 3-hour time frame, with the current three-hour candle opening bullish to the third candle and engulfing the high of the previous candle within a bullish range. The current candle is strong, but we anticipate a potential dip.
In the event the price dips, the drop should not exceed 2129.946; otherwise, that would be near the invalidation line.
The first resistance is 2272.532 for a bias of 2349.240.
Happy Trading,
K.
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Approached a resistance area...
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