$XAUUSD - 4-Hour Timeframe Zones 12/09

XAUUSD - 4-Hour Timeframe Zones

In consideration of the prevailing bearish trend on lower timeframes, the focus is presently on identifying potential sell zones. Notably, emphasis is placed on zones that have demonstrated historical significance, discerned through observed market reactions, as exemplified by the highlighted buy zone on the chart.

Our analysis commences on the 4-hour timeframe, revealing the presence of ChoCh and BOS. These indicators advocate for a discerning approach, emphasis the identification of a suitable sell zone to align with the prevailing temporary trend.

The identified SELL ZONE is demarcated within the range of 1965-1970.

To further refine the precision of this zone, an exploration on a lower timeframe becomes imperative. This approach ensures a nuanced understanding of market dynamics for more informed decision-making.

Your diligence in scrutinizing this analysis is encouraged, and considerations for finer adjustments on lower timeframes are integral to a comprehensive trading strategy.

Feel free to engage in the discussion or pose any inquiries. Trading decisions should be made judiciously, incorporating both analysis and personal insight. Your participation is valued and appreciated.

Comment:

Trade with care - do your own analysis before entering a trade.
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