$XAUUSD Continuation
H4 & H1 TF:
- Analysis only, Not a Signal
H4 Timeframe(TF) Shows that the market is Still Overall Bullish, therefore we're still expecting an uptrend in the near future.
Legend:
• White Drawings (H4 TF)
• Blue Drawings (H1 TF)
Since the H4 zone (the Top Box) was rejected yesterday on H1 TF, we might expect a rejection towards the bottom H4 Box (Bottom Box) which has a stronger demand before a continuation of Upwards Trend.
This is supported by the fact that H1 TrendLine (Blue Line) was broken recently. And price shows that it wants to create a Higher price.
- Analysis only, Not a Signal
H4 Timeframe(TF) Shows that the market is Still Overall Bullish, therefore we're still expecting an uptrend in the near future.
Legend:
• White Drawings (H4 TF)
• Blue Drawings (H1 TF)
Since the H4 zone (the Top Box) was rejected yesterday on H1 TF, we might expect a rejection towards the bottom H4 Box (Bottom Box) which has a stronger demand before a continuation of Upwards Trend.
This is supported by the fact that H1 TrendLine (Blue Line) was broken recently. And price shows that it wants to create a Higher price.
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