XAUUSD Analysis: Precarious Levels, Here's My Trade Plan📊 Looking at Gold (XAUUSD) on the 4-hour timeframe, price is sitting at a precarious level. Recently, we’ve seen a bearish break of structure, but some bullish momentum is beginning to show 📈.
🔎 That said, there’s still no confirmation of a bullish market structure break just yet. I’ll be watching two possible scenarios:
1️⃣ If price breaks the current high, then retests and fails, this could set up a potential long entry 🚀.
2️⃣ If price instead breaks the current low, then retests and fails, that would signal a possible short opportunity 📉.
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade responsibly and manage your risk carefully.
