My next area to sell gold, untapped order block, lets see how this one plays out... want to see a rejection from this zone/ before entering a position, will scale into the lower time frame for that trade and will update accordingly.
XAUUSD H4 CHART Hello Traders 👋If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
PREPARE FOR A BREAKOUT FROM THE TREND LINE. SELL AT 1320 LEVEL WITH A STOP LOSS JUST ABOVE 1322. PROFIT TARGET NO MORE THAN 500 PIPS. STOCHASTIC IS READY TO BEGIN ITS FALL.
Note : Gold XAUUSD @ very strong support zone now but trend was bearish. So the faster it takes out resistance @1330's, XAUUSD (gold) will be bullish again. I dont expect 1300 support to break, incase that happens Gold will be @ 1250's soon. Thanks for your support...Happy Trading !