Habibi.btc
8.2K posts

Habibi.btc
@HabibiplusTech
Ex-Scientist | Web3 Content Strategist | Forex and Crypto Trader | Contributor @DefiGamecon



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Gold $XAUUSD H1 Breakdown Gold gave a strong bullish move from the lows and created a CHOCH, showing that buyers stepped into the market after the downtrend. Since then, price has been making higher lows and recently broke out of the small bearish trend line, that tells us buyers are still in control for now. The main level I’m watching is the recent high around 4243. If price breaks above that high and holds, the next objective is the supply zone around 4320, that’s where I expect price to be attracted to next. If price rejects from this area, don’t panic. A pullback would be normal. Markets don’t move in straight lines. The important thing is whether buyers can continue defending higher lows. What to watch next: Break above 4243= More bullish continuation Rejection from 4243 =Possible pullback before the next move The CHOCH already happened yes but now what we’re waiting for now is confirmation that buyers are strong enough to keep pushing price higher.




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