My current bias on XAUUSD remains bullish, as we are targeting the lower high (LH) around the 3,438 level. However, the market is currently in a pullback phase within the LH & LL. Price has entered an OTA level within a Daily Fair Value Gap (FVG), ranging between 3,370 and 3,333. This presents a potential opportunity for short setups as we move towards the 3,251 level.
On the 4-hour timeframe, there's a valid FVG Breaker near our Fibonacci-based OTA level, aligning closely with the 3,251 support zone. This is a key area to watch for bullish confirmations. Any long positions should ideally be considered from this zone.
Important Note:
When trading gold, patience and discipline are essential. Only act on clear, confirmed setups that align with your strategy. Quality over quantity always wins in the long run.
On the 4-hour timeframe, there's a valid FVG Breaker near our Fibonacci-based OTA level, aligning closely with the 3,251 support zone. This is a key area to watch for bullish confirmations. Any long positions should ideally be considered from this zone.
Important Note:
When trading gold, patience and discipline are essential. Only act on clear, confirmed setups that align with your strategy. Quality over quantity always wins in the long run.
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.