Here's my take on XAUUSD as a swing trader. The XAUUSD market structure still favours bulls despite recent sideways of market operation. On the daily time frame, price action is in a rising channel (blue) and presently at the channel resistance trendline. Price action has been at play at the upper area of the channel and has been attacking the channel resistance trendline for five of the past six days. Technically, we may see further bullish price action at least in the early part of this week before any bearish rejection.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money