It took 30 days for the price to rise $140, and just 5 days to drop $140.
XAUUSD seems to be testing its bull trend commitments at $1720s-$1730s due to the huge order block at that level, seems like many short sellers who are also the big players must have stuck there.
So we must wait and watch the price towards that level, short selling is very risky and buying is very risky as well. Choose your call.
Definitely the market is manipulated as we can identify it from the volatility it shows in the pricing ups and downs.
key factors of my analysis:-
1) May 2019 Bull trend line
2) Order block price range
3) Inverse Head and shoulder completion
4) Oversold now
XAUUSD seems to be testing its bull trend commitments at $1720s-$1730s due to the huge order block at that level, seems like many short sellers who are also the big players must have stuck there.
So we must wait and watch the price towards that level, short selling is very risky and buying is very risky as well. Choose your call.
Definitely the market is manipulated as we can identify it from the volatility it shows in the pricing ups and downs.
key factors of my analysis:-
1) May 2019 Bull trend line
2) Order block price range
3) Inverse Head and shoulder completion
4) Oversold now