Gmetal88

My 4 hour Technical Analysis

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
I make my technical analysis based on the 4 hour chart. Anyone can use this chart as a guide to learn on how I make my technical analysis but the risk is yours to keep. If you are a Fx trader (I am sure your are) and have knowledge of support/resistance , you should be able to read my chart easily. You can also use the chart on a lower time frame if you wish to do so.
As for GOLD , I anticipate a bearish market sentiment with bullish moves up to the interim resistance as outlined in the chart. This scenario may least until the US Election is over and the outcome of US stimulus package. We may see GOLD accelerating above the interim resistance after a break out.

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