Xauusdforex
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1852.145
TP: 1752.506
SL: 1920.319
Bias: Short
For this instrument our major bias is short. There is a possibility of dropping from the current price level. Provided that the conditions are in favor, we can expect a sell trade from the current pattern.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1862.945
TP: 1781.341
SL: 1929.285
Bias: Short
For this instrument our technical ,fundamental and sentiment analysis show that the pair will go down before moving up . So our projection is for the bearish opportunities and thereby we are to look for a short opportunity.
XAUUSD LongTime Frame: 4H
Symbol: XAUUSD
Entry: 1902.134
TP: 1987.180
SL: 1842.826
Bias: Long
Gold is a oscillating between support and resistance and trying to create enough volatility and momentum to drive it upward. Though are are some trend corrections, an ultimate long bias is questionable at the current market conditions.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1873.413
TP: 1767.525
SL: 1952.829
Bias: Short
XAUUSD is facing a strong significant resistance at $1970, There are obvious reasons that We are bearish because the instrument will require strong momentum and volatility to cross this level upward but it does not have the necessary impetus now to do that change because of the gloomy market conditions in all verticals. SO we stay bearish.