XAUUSD H4 Chart Analysis

Here is the H4 chart with the weekly levels overlayed. Please review our weekly chart analysis for further details.

As we mentioned on the weekly analysis our bias is bullish longer-term with the view of a retracement possibly even down to 1780 levels which we believe would be the optimal area to buy for the seasonal push up which could take us into January.

Currently, the Chart is bearish, and we are expecting the 1837-1830 zone to be tested.

Look out for the red trend line. If this breaks and we create a new high above 1864 this will indicate we are likely to go higher.
Bounce off the trend line around 1860 will indicate we are likely to test the 1830 zone.

The yellow box is the weekly range.
We will aim to sell from levels closer to the red trend line and take profits around 1837-1830.
We will aim to buy from 1830-1820 above the white trend line.


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Trade Safe and manage your risk. Everything we share is not financial advice.