Good Morning Traders!
Upon analyzing Gold, I found a few different possible scenarios for future price movements. This sentiment aims toward Gold being bullish. Gold failed to continue bearish movements under the 4HR Zone. (1885.00- 1890.00. Which prompted loss of Bearish volatility, & a bullish reversal. If Gold closes above the lower 4 HR Trend Support level, I predict a test of price point 1900.00.(Psych Level) If price manages to break & close over that level as well, a rise towards the 4 HR Trend Median would be expected. (Marked on Chart)
Comment your ideas on XAUUSD below!
All Likes & Comments are Appreciated
Upon analyzing Gold, I found a few different possible scenarios for future price movements. This sentiment aims toward Gold being bullish. Gold failed to continue bearish movements under the 4HR Zone. (1885.00- 1890.00. Which prompted loss of Bearish volatility, & a bullish reversal. If Gold closes above the lower 4 HR Trend Support level, I predict a test of price point 1900.00.(Psych Level) If price manages to break & close over that level as well, a rise towards the 4 HR Trend Median would be expected. (Marked on Chart)
Comment your ideas on XAUUSD below!
All Likes & Comments are Appreciated
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.
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.