TheTradingPulse

Intraday for XAUUSD 11th October, possible sell then buy

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD 4H, we can see that the price is still in the premium zone where there would still be some willing sellers. There is so an imbalanced zone which is still fresh. We could possibly see look to pick up some orders before moving back up. Monday is the start of a new trading week. For intraday set ups, we will wait for the 4H structure to develop before committing into any positions. As we always say, for XAUUSD best wait for US session on Monday.
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