XAU 4H Analysis

This is an analysis with a medium-term view and can be useful for entering into a trade-in lower time frame.
The price movement is in a pitchfork structure. It is expected that the price will move down to area 2 after reaching area 1 and closing the candle below 1752.44.
After that, if the 4-hour candlestick closes above 1725.62 after hitting zone 2, it is expected that the price can experience growth again and go up to the 1768 range.
If the price also loses rectangle 2, it is expected to fall to level 3 and the middle line of the pitchfork.
The optimal stop of the sell position in area 1 is above the level of 1764.
The optimal stop for a buy position in area 2 is the sub-level of 1722.
The optimal stop of the sell position after the loss of area 2 is above 1728.

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CrazyS

Trade closed: target reached:

Target1 reached.
Check the details for better decisions.