XAUUSD Gold Forecast and Trade setup
Weekly Chart
- RSI is showing weakness
Daily Chart
- Bullish Cypher is possible Note this pattern is not the same as the one on the 4hr chart
Hourly Chart
- 4hr Bullish cypher is possible at the next support zone
- Near term price action is in a bearish momentum, however price is trying to go back above support where it could be a false break ,
- on the other hand, price could drop to the next support if US Data is hawkish tonight