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XAUUSD
If you can see what is in the picture on the chart, you know this pattern. After a strong downward trend, the second oRGR was created (I wrote about the first one last week). In fact, the set level was broken, but as in one group they say “the market is not a pharmacy”, so the level can always be breached.
The currently broken local resistance and the broken trend line from the main ORGR mean that we have a good rebound signal. Yesterday’s session caused a lot of waiting due to the lack of volatility, but as you can see today Asia is pulling prices in every direction on many instruments. I expect a long hike up, if there is still a correction to the level of the arrow, we already have a book formation. Reception? New ATH next year, including breaking two resistances from the distant H4 time frame. Over level 19xx USD.
