XAUUSD LITTLE SHORT BEFORE A LONG
On XAU/USD, we have a bearish setup with a strong dollar following the news. The price is approaching the 1905 zone where we have a significant value gap that could lead to a reversal and a strengthening of gold, resulting in an increase towards 1948. Just below that area, we have another potential reversal zone identified on the H4 timeframe, with a demand zone on the H1 timeframe within it. The plan is to wait for the price to near the value gap, confirm the candle pattern on H1, and if there are positive confirmations, enter the 1905 zone with a stop at 1895 and a target at 1931.
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We would appreciate it if you shared your opinion and gave a like to support our work. Greetings from Nicola, the CEO of Forex48 Trading Academy.
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