#XAUUSD #H4 Higher Time Frame Analysis In Accordance with #NFP

Updated
#XAUUSD #H4 Higher Time Frame Analysis 🚨

📊 Current Outlook: Right now, all eyes are on the upcoming #NFP data to determine the market's direction. Based on my analysis of the #DXY (Dollar Index), if it closes strong today, we could see a further dollar upmove, pushing gold lower.

📉 Bias: I’m currently leaning towards the sell side. Why? The price has built up significant #H4 trendline liquidity, and many retail traders have jumped into buys, hoping for a big upmove, possibly due to the Israel-Iran conflict. But let’s not forget – market manipulators are smart and won’t let retail traders ride the wave to new highs. The chances are high that the market will target this liquidity.

🛑 Sell Trigger: A bearish #H4 candle closing below 2640 could open the door for a sharp move down to 2600-2580, which aligns with the 0.61% Fibonacci level.

📈 Buy Zone: 2600-2580 For those looking to buy, keep an eye on this zone. If we see strong rejection from this area, marked by 1-2 bullish #H1 candles closing, it could be a great buying opportunity.

🔥 Upside Scenario: On the flip side, if the data comes in favor and we get a bullish #H4 candle closing above 2668-70, the door could open for a major upmove, potentially reaching new lifetime highs for gold. This is Scenario 1, marked on the chart.

⚠️ Stay sharp and manage risk accordingly as the market reacts to major news and liquidity grabs!

#XAUUSD #GoldAnalysis #ForexTrading #NFP #DollarIndex #PriceAction #SellGold #BuyGold #TrendlineLiquidity #MarketManipulation #TechnicalAnalysis #TradingStrategy #RiskManagement #H4Setup
Trade closed: target reached
Target achived made high of 2744
Chart PatternsHarmonic PatternsTrend Analysis

Mr K
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