Xauusdforex
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1763.698
TP: 1725.868
SL: 1792.235
Bias: Short
Our bias is bearish for this pair. After studying the price pattern and the dynamic support and resistance our conviction is stronger in favor of bearish bias. We had better look for shorting opportunity.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
The price pattern of gold is not showing any optimism for the time being. An obvious sign of lethargic movements is the position of different moving averages that we have attached for technical analysis purpose. We do not see any significant bias.