XAUUSD 4H Analysis
Gold is currently trading inside a 4H bearish FVG.
I have two scenarios:
Bullish scenario (preferred):
If price closes above the bearish FVG and creates an inversion, I will look for buy setups on lower timeframes.
Bearish scenario:
If price respects the 4H bearish FVG and closes below, I will look for sell setups with confirmation.
Personally, I favor the bullish scenario based on liquidity perspective, as the probability of higher prices is currently stronger.
Gold is currently trading inside a 4H bearish FVG.
I have two scenarios:
Bullish scenario (preferred):
If price closes above the bearish FVG and creates an inversion, I will look for buy setups on lower timeframes.
Bearish scenario:
If price respects the 4H bearish FVG and closes below, I will look for sell setups with confirmation.
Personally, I favor the bullish scenario based on liquidity perspective, as the probability of higher prices is currently stronger.
Trade active
Price close above bearish FVG and created inversion and also we have new bullish FVG.So the first scenario is on play.
Note
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.