XAUUSD 3/16 Day Trade Plan and Market Environment Recognition

This is a weekly chart, two consecutive bearish candles, a downward move.

Upon closer look, in the past year and a half, gold has not had three consecutive weekly bearish candles.

It has risen after a period of horizontal consolidation with a bullish candle in between, forming an upward move.

The initial expectation here is not a vertical adjustment by zigzag, but a horizontal adjustment through flats or triangles, leading to further upside.

This is the flow moving upward.

This is a weekly chart, two consecutive bearish candles, a downward move.

Upon closer look, in the past year and a half, gold has not had three consecutive weekly bearish candles.

It has risen after a period of horizontal consolidation with a bullish candle in between.

The initial expectation here is not a vertical adjustment by zigzag, but a horizontal adjustment through flats or triangles, leading to further upside.

This is the flow moving upward.