XAUUSD -Gold/Dollar: Possibilities Analysis
Since price has been following upward to retest resistance (down/green) trendline, it can attempt to test other resistance: the past high swing & resistance at that price as is (blue line).
Test of these prices resisted may be needed to ever start a short condition, yet Daily TF:(Following image) shows attempt at resistance (MBL slightly upward (yellow line), but green/red moving down), so I assume price will rise higher most likely to later form a better sell opportunity as it now slightly consolidates to "subtrendline" or the uptrendline.
Test of these prices resisted may be needed to ever start a short condition, yet Daily TF:(Following image) shows attempt at resistance (MBL slightly upward (yellow line), but green/red moving down), so I assume price will rise higher most likely to later form a better sell opportunity as it now slightly consolidates to "subtrendline" or the uptrendline.
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