XAUUSD010824 - Still Bullish my Opinion.
How will gold play out?!
Monthly down to H4 say Bullish, while the H1 is showing a bearish trend.
However, H4 fib price did not break structure... it's rejecting the 88 level. Drop down to H1 and you'll find PA.
I actually like the buy rn... but a safer play is to let price break structure on the H1, pullback, and then buy. Or price will continue down, break structure on H4... come back to test area and continue down.
What you think? As always, bet on your own technicals.
Monthly down to H4 say Bullish, while the H1 is showing a bearish trend.
However, H4 fib price did not break structure... it's rejecting the 88 level. Drop down to H1 and you'll find PA.
I actually like the buy rn... but a safer play is to let price break structure on the H1, pullback, and then buy. Or price will continue down, break structure on H4... come back to test area and continue down.
What you think? As always, bet on your own technicals.