EIGHTCAP:XAUUSD   Gold Spot / U.S. Dollar
n the XAUUSD 4-hour setup, the overall trend is bullish; however, a retracement is expected before reaching a new high. We are looking for selling opportunities once the price establishes a new low and retraces to the premium zone. The ideal entry point would be if the price creates a new low and then retraces. If the price surges upwards without forming a new low, we will need to observe for any confirmation signals on the 15-minute chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.