XAUUSD 4HR Analysis
After falling to the bottom of the range zone in the descending channel of january/february we saw the precious metail once again reject off the multiple confirmation support level whilst providing further confirmations such as fractal pivots, oversold conditions, full quarter cycle completion, ema crossover squeeze, price action candles and other such confirmations that show possible reversal signs in the market, Going forwards I am now looking for price to either reject off the EMA squeeze and dynamic level to continue the descending channel this time likely to the low of 2002. For buy opportunities its a matter of seeing if the Inflation rate today can create a surgence in price and then when it falls back down we get a fractal pivot and reversal with bullish confirmations from the 50% quarters level and top side of the ema squeeze back up to 2060
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