H4 Timeframe Analysis
Gold is currently holding the falling wedge pattern on H1 & Rising wedge on D1 Today we have volume opening Gap on OANDA which is still pending.
Market is holding the Range of 3330-3380
What's possible scanarios we have?
if gold sustained with this falling channel and H4 remains above 3320-3330 then Before the US market, I think gold can still return to around 3350 then 3370.
On the otherhand if The H4 candle closes below 3320 buyying will be limited and market will again the rangbound 3290-3330
#XAUUSD
Gold is currently holding the falling wedge pattern on H1 & Rising wedge on D1 Today we have volume opening Gap on OANDA which is still pending.
Market is holding the Range of 3330-3380
What's possible scanarios we have?
if gold sustained with this falling channel and H4 remains above 3320-3330 then Before the US market, I think gold can still return to around 3350 then 3370.
On the otherhand if The H4 candle closes below 3320 buyying will be limited and market will again the rangbound 3290-3330
#XAUUSD
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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.