GOLD IS TRADING NEAR AN IMPORTANT LEVEL
Good Morning Traders!
Upon analyzing Gold, I found a few different possible scenarios for future price movements. This sentiment aims toward Gold being bullish. Gold failed to continue bearish movements under the 4HR Zone. (1885.00- 1890.00. Which prompted loss of Bearish volatility, & a bullish reversal. If Gold closes above the lower 4 HR Trend Support level, I predict a test of price point 1900.00.(Psych Level) If price manages to break & close over that level as well, a rise towards the 4 HR Trend Median would be expected. (Marked on Chart)
Comment your ideas on XAUUSD below!
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Upon analyzing Gold, I found a few different possible scenarios for future price movements. This sentiment aims toward Gold being bullish. Gold failed to continue bearish movements under the 4HR Zone. (1885.00- 1890.00. Which prompted loss of Bearish volatility, & a bullish reversal. If Gold closes above the lower 4 HR Trend Support level, I predict a test of price point 1900.00.(Psych Level) If price manages to break & close over that level as well, a rise towards the 4 HR Trend Median would be expected. (Marked on Chart)
Comment your ideas on XAUUSD below!
All Likes & Comments are Appreciated
