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MBMONOPOLY
XAUUSD Supply & Demand + Break & Retest (Strategy) Wait for confirmation to enter trade Looking for rejection at the demand level on 15min, 1HR, 4HR I truly believe XAUUSD is still pushing from the previous push to the upside on Nov 13, 2023. From that push XAUUSD retraced to a 78.6% of fib and has pushed through minor resistance level at 2040.000 What I can see XAUUSD will need to do is RETEST the 2040.000 level, which aligns with 61.8% of fib, and see if BULLS can maintain and push XAUUSD to Higher Highs (2200.000 & 2280.000)
MBMONOPOLY
Looking on the Daily Time Frame, it is clear that the BUYERS have marked a NEW HIGH. After every impulsive move there is always a correction to make MARKET STRUCTURE. Structure has been made with reaching a 38.2 Fibonacci level. This level as well is a DEMAND LEVEL where supply was turned to DEMAND. I believe Gold will began to push to HIGHER HIGHS in the coming weeks.
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