XAU/USD 1H - Afternoon folks, I thought I would provide you all with some analysis on the Gold market, you can see here I have marked out two areas of interest.
As we know this pair has been extremely bullish so with that we want to find areas of Demand price can trade down and into before the next bull run.
I have gone ahead and marked out two key areas found on the 4H timeframe I feel will be good places to see price reverse from. We just need to wait for the right confirmation to enter.
I will be sitting on my hands patiently waiting for the next bullish opportunity, with it being so aggressive to the upside, getting involved in shorts during a correction can be quite risky.
As we know this pair has been extremely bullish so with that we want to find areas of Demand price can trade down and into before the next bull run.
I have gone ahead and marked out two key areas found on the 4H timeframe I feel will be good places to see price reverse from. We just need to wait for the right confirmation to enter.
I will be sitting on my hands patiently waiting for the next bullish opportunity, with it being so aggressive to the upside, getting involved in shorts during a correction can be quite risky.