Gold is still weak!
Updated
XAUUSD / 4H
Hello traders,
Gold is globally trading in a bullish trend, but recently, the price has struggled to break towards clean buys.
Based on a higher time frame analysis, the price is stuck in a trading range. Which suggests buying low selling high.
Technical analysis shows that the bullish structure on the 4H time frame has been broken the last week, now the price is pulling back to test the old trend line.
Trade safe,
Trader Leo
Hello traders,
Gold is globally trading in a bullish trend, but recently, the price has struggled to break towards clean buys.
Based on a higher time frame analysis, the price is stuck in a trading range. Which suggests buying low selling high.
Technical analysis shows that the bullish structure on the 4H time frame has been broken the last week, now the price is pulling back to test the old trend line.
Trade safe,
Trader Leo
Note
No bearish confirmation,
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