XAUUSD
If the price cannot break the daily resistance range of the previous week and the formed trend, it should move up to the 61.8% Fibonacci expansion range of 1898 and even to 1884 to be more powerful. (In my opinion, this analysis can happen about 95% of the time)
Important note: the price may have a shadow up to the upper lines of the downward trend, if you register a sell order, follow the capital management and if the downward trend is confirmed, increase your working capital.
Kommentera:
it should move DOWN to the 61.8% Fibonacci expansion