Gold (XAUUSD) 4H OUTLOOK
Updated
So, as stated before, gold has been moving in a channel until the peak and falls and broken the uptrend.
Currently gold is in a consolation structure, our best option is to sell at resistance and take our profits in the consolidation demand zone, the best selling zones are At $1984.0 only if the price reach this area of value from the current price level without breaking the consolidation "Demand" and other sell comes if the price probably falls below $1896.0 or after the possible retracement, our priority is to capture the best sales at consolidation resistance or better, after the breakout and retest.
📊 SET UP GOLD - PRICE
🛃BUY GOLD AT $1916.40
🟢TP $1977
🔴SL $1907
🚼SELL GOLD AT $1883.0
🟢TP $1900
🔴SL $1993
Currently gold is in a consolation structure, our best option is to sell at resistance and take our profits in the consolidation demand zone, the best selling zones are At $1984.0 only if the price reach this area of value from the current price level without breaking the consolidation "Demand" and other sell comes if the price probably falls below $1896.0 or after the possible retracement, our priority is to capture the best sales at consolidation resistance or better, after the breakout and retest.
📊 SET UP GOLD - PRICE
🛃BUY GOLD AT $1916.40
🟢TP $1977
🔴SL $1907
🚼SELL GOLD AT $1883.0
🟢TP $1900
🔴SL $1993
Trade active
Going into our direction. approached 1937.
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