Weekly outlook XAUUSD

20 Feb 2022

XAUUSD After another solid week of gains we have finally seen gold hit its potential reversal level (1900 to 1912) we have been looking for an hourly retrace for over a week now at it simply hasn't come! This is due to the formation of an overall leg that wasn't complete... This larger time frame leg broke our structure at 1875 we could be at the peak of a cycle that could see prices reach around the 1950 zone... or we are seeing an overall deeper retrace of our Reversal leg from golds last high of 1960.... either of these options has gold looking for a LOWER price before our next moves... GOLD ARROW IDEAL MOVE