H4 Timeframe Analysis
Gold is currently showing a bullish trend holding the Proper rising wedge pattern on H4,although I'm holding my trade from 3382 which is floating 150+ profits towards our Target
Bullish scanario:
I’ve identified my re-entry zones and plan to buy on every dip, focusing on scalping with buy positions only.
3380-3390 is the optimal buying area.
My target towards the $3430-3435 milestone on intraday.
However, if gold closes the H4 below the $3380 level, i will reassess my outlook towards 3355-3360.
Keep in mind market is on bullish reversal.
#XAUUSD
Gold is currently showing a bullish trend holding the Proper rising wedge pattern on H4,although I'm holding my trade from 3382 which is floating 150+ profits towards our Target
Bullish scanario:
I’ve identified my re-entry zones and plan to buy on every dip, focusing on scalping with buy positions only.
3380-3390 is the optimal buying area.
My target towards the $3430-3435 milestone on intraday.
However, if gold closes the H4 below the $3380 level, i will reassess my outlook towards 3355-3360.
Keep in mind market is on bullish reversal.
#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.
Related publications
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.