XAUUSD Price Action Analysis 4HTF Asian Session
During today's NY session, price managed to break from consolidation and continue the bullish trend. I believe that there is more bullish momentum due to the current market conditions and everything that is going on in the east.
Gold is a save haven during times of uncertainty so fundamentally it makes sense for price to continue bullish.
If price breaks below 1934, it could continue bearish to retest the previous level of resistance at 1925 and possibly form support. A break above 1946 can continue to the top of the range.
1. Price is currently bullish after breaking out from consolidation
2. If price breaks and closes below 1934 it can continue bearish until 1925
3. If price breaks and closes above 1947, it can continue the bullish trend until 1960
Gold is a save haven during times of uncertainty so fundamentally it makes sense for price to continue bullish.
If price breaks below 1934, it could continue bearish to retest the previous level of resistance at 1925 and possibly form support. A break above 1946 can continue to the top of the range.
1. Price is currently bullish after breaking out from consolidation
2. If price breaks and closes below 1934 it can continue bearish until 1925
3. If price breaks and closes above 1947, it can continue the bullish trend until 1960