XAUUSD: turning point marked — an upside reversal may be forming now
As we said yesterday, no rush to buy — just keep watching. Gold has precisely marked the turning point suggested by the red line of the cyclical Week projection and is now looking for a place to bounce off the Stable projection.
Remember: projection extremes are not price levels — they only point to a probable moment in time. With that in mind, an upside turning point may well be forming right now, with the next one at the start of the Asian session.
What to watch: the current moment and the start of the Asian session.
#intraday #Week #XAUUSD
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