XAUUSD was retraced from its daily 78% retracement. It created a nice Hammer on 24th March.My another Check on 4H Timeframe was still active. for me, I would go Bullish if it could have been given me with the Bullish Divergence. Else, my Bias is still Bearish on 4H Timeframe where it retraced from 38% Fibb Level.
Since it has no divergence, nor the price crossed a Higher Low at 4735.61, I will take a risk on a Bear Run.
Going forward, I am Selling @ 4430.00 with SL @4535.00 and TP 4270.00. A 1:50 RRR.
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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.