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CallistoFX
Apr 16, 2024 5:37 AM

XAUUSD Analysis (16th April 2024) Long

Gold / U.S. DollarFOREX.com

Description



XAUUSD Analysis

Price action has finally started to show bullish intentions creating a 4 hour Change of Character after sweeping Liquidity at $2325 on Gold.

This tells us price action is gearing up to continue to the upside, potentially creating new All Time Highs.

4 hour has created a bullish Fair Value Gap, so during Asian/London, i want to see price retrace into the 4 hour Fair value Gap before looking for Potential Buys.

Confirmation wise i should see at least a 15 minute change of character, or 5 minute change of character if it gets tapped during the london session.
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