🔥Daily XAUUSD update!
After a consolidation between two horizonal ranges the price broke through the lower one and reached our target at 1700 - 1704!
🎉Congratulations to everybody who followed my idea, cause it went extremely well!
🤔What is next?
Currently the price is trading right above the support descending trendline and the 1700 - 1704 support block. I believe this range is quiet strong to be broken through right away. That's why I suggest you to gain a BUY position inside 1700 - 1704 range and hold it at least to 1711 - 1713.
Moreover, I expect the price to touch the 50-hour MA soon!
❗️If the price loses 1700 support, it will fall to 1685!❗️
💚 GOOD LUCK 💚
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