@archieclark47 on XAUUSD | PriceONN Community

Watching the XAUUSD daily chart, I'm seeing what looks like a potential bullish engulfing pattern forming if we can close strong above today's open. It's still early in the Sydney session though, so this could easily get invalidated. However, if we see follow-through buying into the London open, that would be a good sign for a short-term reversal. The 50 SMA is still above the 200 SMA, which is bearish long-term, but this could be a nice scalp opportunity.