Hello Traders! Its Monday now in Indonesia and of course the market is freshly opened today! as soon as i open my PC and saw this, well there is only one way i know that this beautiful gold will go. Soar high to the North!
Here in XAUUSD timeframe H4 we could see a potential bullish trend will arise, with a low and higher low already created, big potential 1426 will become a higher low area with fibo 50% as the supporting support area. we will just need to wait for confirmation from now, which is price breaking 1430 to make a swing low. after that, we will see Gold will rise higher.
also if we see the stochastic oscillator, we could see there is a Hidden Bullish Divergence which helps me confirm my analysis about Gold.
So Good luck for us, and lets ride this commodity together.
Let the Profit be With You