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XAUUSD 4hour Analysis January 22nd, 2023

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold Bullish idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: Looking bullish on GOLD! We are due for some structure so that is a high priority at the moment before we can enter any trades.

Ideally, price action confirms new structure near 1900.00 with bullish setups we can enter long on.

Trade scenario 2: If we want to consider short scenarios we need to see 1900.00 break and bearish structure form below.

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