XAUUSD
Hey traders, I am currently analyzing the XAU/USD on the 4-hour chart.On Monday, I expect consolidation to continue. My opinion is more bearish on it if the dollar can regain its strength. The last candle in the 4-hour chart is also a star formation, which suggests that a large bearish candle could form.
Comment:
Tomorrow, I plan to search for a move from the black box to around 1905. This would be a simple retest trade. However, it is important to be cautious as on the 4-hour chart, we have already seen 3 candles that appear more bullish than bearish.