XAUUSD - Are Trend reversal Trade opportunity coming next week?
**Monthly Chart**
Last month's candle (Feb) closed as a pin candle (indecision) after sweeping all buy stops. This monthly candle (March) opened near the close of last month's candle and started moving higher towards retesting the historical high.
**Weekly Chart**
Last week we had a sharp move to the upside on 29th Feb 2024 as expected in my previous weekly analysis. This also shows the strength of Ring low formation of 12th Feb 2024 which provided a good opportunity to buy at that level.
**Daily Chart**
On Friday 1st March 2024, the price continued moving up to break the high of the upswing. This week I will be looking for one more push-up around 2100 level and then for the market to provide an opportunity to sell on lower time frames.
Last month's candle (Feb) closed as a pin candle (indecision) after sweeping all buy stops. This monthly candle (March) opened near the close of last month's candle and started moving higher towards retesting the historical high.
**Weekly Chart**
Last week we had a sharp move to the upside on 29th Feb 2024 as expected in my previous weekly analysis. This also shows the strength of Ring low formation of 12th Feb 2024 which provided a good opportunity to buy at that level.
**Daily Chart**
On Friday 1st March 2024, the price continued moving up to break the high of the upswing. This week I will be looking for one more push-up around 2100 level and then for the market to provide an opportunity to sell on lower time frames.
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