H4 Analysis:
Intraday analysis/bias remains unchanged and the same a yesterday's analysis dated 16 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price has also reacted to H4 demand where we are currently...
The US Dollar Index (DXY) which is extermly bullish this week and will reach 104.1 area.So Gold continues its TVC:GOLD downtrend to be 1930.However, the price will recover before continuing to decrease.it will reach 4H FVG(1992-2000) before dumping.
Hello traders, GOLD is setting up for a short term downside move watch GOLD with your own according strategy and look for a short position opportunity for a short term trade setup.
GOOD LUCK & GOOD TRADING
Hi traders, GOLD i am waiting for price to come around our mentioned pattern completion area and looking price action on the top for a short position opportunity GOOD LUCK.
Hi traders, GOLD is setting up for a upside move watch price to hold the bottom and look price action for a long position opportunity according to your trading strategy, do not depend on my analysis GOOD LUCK.
From this analysis, we can see a bullish falling wedge has formed with a double bottom at support. This is giving me confidence for a strong bullish movement incoming.
Confirmations of Long Entry
Falling wedge
Daily Impulse Correction
Double bottom at support with the neckline at resistance
Break and retest of a double bottom or trend line for entry
