#XAUUSD | 4 HOUR TIMEFRAME UPDATE
Updated
🥇 #XAUUSD | 4 HOUR TIMEFRAME UPDATE
This analysis for #XAUUSD is based on the daily chart. I'm watching for the price to approach the zone between $2,662.25 and $2,713.85, where we’ll seek confirmation on lower time frames to open a SHORT position.
Note: This setup is anticipated for next week. As the price moves into this area, we’ll look for confirmation on the 15-minute or 5-minute chart during the New York session to enter a short position. 📉
Invalidation level: Above $2,793. ❌
This analysis for #XAUUSD is based on the daily chart. I'm watching for the price to approach the zone between $2,662.25 and $2,713.85, where we’ll seek confirmation on lower time frames to open a SHORT position.
Note: This setup is anticipated for next week. As the price moves into this area, we’ll look for confirmation on the 15-minute or 5-minute chart during the New York session to enter a short position. 📉
Invalidation level: Above $2,793. ❌
Trade active
#XAUUSD has now reached the grey zone I highlighted in my analysis above.
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