XAU/USD Analysis (4H)
Observations:
- Fakeout detected via moving average line
- Previous higher highs rejected, indicating inducement phase completion
Fundamental Outlook:
- Geopolitical tensions and Trump's policies likely to strengthen USD
Trade Idea:
- Expecting a significant decline
- Target: 3120
This setup suggests a potential sell opportunity in Gold, driven by technical and fundamental factors.
Observations:
- Fakeout detected via moving average line
- Previous higher highs rejected, indicating inducement phase completion
Fundamental Outlook:
- Geopolitical tensions and Trump's policies likely to strengthen USD
Trade Idea:
- Expecting a significant decline
- Target: 3120
This setup suggests a potential sell opportunity in Gold, driven by technical and fundamental factors.
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.