Market Analysis PT1/2 (9th April 2024)
XAUUSD Analysis
On the 1 hour timeframe price action has rejected off a 4hour OB and rejected strongly creating a 1 hour Fair Value Gap.
Since Gold has been in a massive up trend, I am more likely to look for buys for a continuation push higher.
Ideally what will be good is if price takes out the high at 2343.62 and then retraces into the 1 hour Fair value gap. This is where i will pay attention to the charts to look for confirmation longs.
A Change of Character on the 5/15 minute timeframe will be good enough for me to be interested in looking for potential gold Scalps for BUYS.
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🌍Telegram | t.me/callistofx
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
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.