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XAUUSD 4hour Analysis February 6th, 2021

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold Bullish idea

Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: Looking overall bullish here on Gold but we are still technically between the range of 1825.00 & 1785.00.

The most likely scenario is that price action continues to range.

Trade scenario 2: For us to get into some high probability long setups we want to see a break of 1825.00 with a higher low above.

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