XAUUSD 4hour Analysis November 13th, 2022
Gold Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: After last week we can now see that gold is bullish on all major timeframes.
Going into this week we’re ideally looking for gold to continue bullish, we just need to see some structure first.
Look for a higher low as close to 1675.00 as possible before entering long.
Trade scenario 2: The other likely scenario is that gold keeps rallying without structure formation. If this happens we can’t do anything yet.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: After last week we can now see that gold is bullish on all major timeframes.
Going into this week we’re ideally looking for gold to continue bullish, we just need to see some structure first.
Look for a higher low as close to 1675.00 as possible before entering long.
Trade scenario 2: The other likely scenario is that gold keeps rallying without structure formation. If this happens we can’t do anything yet.