Gold (XAU/USD) 4H Chart Overview
After Fridays bearish momentum bulls seem to have taken back control with a strong open
to the week.
Price is testing a key area, and the next move depends on how it reacts here.
Key Points:
Slope Trigger: This represents the lower highs (LHs) forming as price moves down.
Pink Zone: A key demand area—if price holds here, buyers could step in.
Break Above the Slope: This would signal that bulls are back in control after the higher low (HL).
Red Lines: Potential upside targets if the breakout happens.
After Fridays bearish momentum bulls seem to have taken back control with a strong open
to the week.
Price is testing a key area, and the next move depends on how it reacts here.
Key Points:
Slope Trigger: This represents the lower highs (LHs) forming as price moves down.
Pink Zone: A key demand area—if price holds here, buyers could step in.
Break Above the Slope: This would signal that bulls are back in control after the higher low (HL).
Red Lines: Potential upside targets if the breakout happens.
Trade active
Note
Already in with the test of the lower support around 2928 Technically could have added an entry at the HH print above the recent LH 2942 but added on the retrace for better value and will add again on the next h4 close above 2940
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.