XAUUSD Analyzing in a 4 Hour chart
Analyzing Gold on a 4hr chart.
Gold has found a Rejection at 2390 and was on an upward channel for some time now. it has broken the channel today and is headed to the 4 hour FVG above at 2440. Since Price is bullish on higher timeframe, chance is that price would break through the FVG and continue on a bullish path.
there isa slight chance that price might grab liquidity and come down till 2390 again as the FVG is falling right at the Fib Golden Zone.
Gold has found a Rejection at 2390 and was on an upward channel for some time now. it has broken the channel today and is headed to the 4 hour FVG above at 2440. Since Price is bullish on higher timeframe, chance is that price would break through the FVG and continue on a bullish path.
there isa slight chance that price might grab liquidity and come down till 2390 again as the FVG is falling right at the Fib Golden Zone.
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