XAUUSD Technical Update

Hello traders,
Gold setup still neutral for the moment. there are two major contradiction to the level of the current price. I.e., Daily candle close vs break out retest to the same level on a 4hr key zone. through years of trading, perfect entries come when all timeframes line up in one direction. therefore, this time, we should be patient and trade the market on proper confirmations. this includes amongst other things, break of structure and retest on small timeframe perspective etc., i would recommend that we wait for London session to bring its peak momentum, however, during New-York session, news release are not looking great for us to invest in the market already, we may experience spikes before the market head south. Patience for now, market structure formation will be key to signal us to hop in for investment. and we will see proper signals with time through London session to New York session.

i will update this post during the day to catch-up.
Kindly, drop your suggestions down below

Comment:

Traders, its time to readjust to possibilities as i indicated, we see a bullish engulfing on a 4hr Timeframe. like i said with daily timeframe, we may experience an up trend, if 1hr candlestick pattern holds, i will be looking for buys on lower time frames, this also supports my bias about negative news that has potential to fuel the market in the opposite direction.

remember, your reviews are highly recommended
wishing you profitable trades