XAUUSD 4hour Analysis January 9th, 2021

584
Gold Neutral idea

Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish

Trade scenario 1: We are still technically ranging as we can’t see any clear direction from price action.

The most likely scenario is that we will reverse from 1785.00 and the range will continue.

Trade scenario 2: If we see a break of 1785.00 with a lower high below look to enter short.

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