XAUUSD 4hour Analysis January 30th, 2022
Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Ranging
4Hour Trend: Bearish
Trade scenario 1: We are ultimately bullish on gold given the higher timeframe trends but we are still seeing a struggle to break through this daily range.
The most likely scenario for the week ahead is a play of the range. Look for price action to push toward 1825.00 once again.
Trade scenario 2: If we see price action break 1785.00 support we need to confirm a significant lower high below before considering sell opportunities.
Weekly Trend: Bearish
Daily Trend: Ranging
4Hour Trend: Bearish
Trade scenario 1: We are ultimately bullish on gold given the higher timeframe trends but we are still seeing a struggle to break through this daily range.
The most likely scenario for the week ahead is a play of the range. Look for price action to push toward 1825.00 once again.
Trade scenario 2: If we see price action break 1785.00 support we need to confirm a significant lower high below before considering sell opportunities.
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.