Short

XAUUSD Analysis!!!

XAUUSD has been filling areas and trending above the 200 EMA on the daily and below the 200EMA on the lower TF'. It filled a GAP on the daily TF with a demand Zone (daily), the 4hr is in a downtrend and broke support and left a gap currently on the 4hr with a supply zone that has not yet been filled. We are waiting to see if it breaks resistance at 1939.48 area and continue up to fill in the imbalance to continue downward. It could break that supply level with some good volume for a reversal to the upside.

jamevfan

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