XAUUSD|H4 SETUP| POSSIBLE SCENARIO
This analysis is valid for the next 1 to 2 weeks, as long as the scenarios I’ve considered play out. At first, I expect a short-term rise, but the overall trend remains bearish. After reaching the identified support zones, If there’s a sharp upward move and the price breaks through the formed peak, we can enter during the price correction for a long position.
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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.