I am currently analyzing the 4-hour timeframe of gold. As we know, there has been strong bearish pressure in the gold market over the past few days. Therefore, my focus will remain on bearish opportunities. On the higher timeframe, gold has broken its bullish trendline, and my selling area will be around this level, as seen on the chart. I will wait for the price to reach my key levels and either show bearish confirmation or any reversal signal so that I can plan my sell entry at my ideal level. Confirmation is very important. Let's see what happens.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction. Let's analyze more deeply in smaller time frame.
#XAUUSD 4H Technical Analysis Expected Move.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction. Let's analyze more deeply in smaller time frame.
#XAUUSD 4H Technical Analysis Expected Move.
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Join my telegram for free:
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Related publications
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.