XAUUSD 4H: HH HL formation for bullish movement.

6 mar 2023

So here we are now creating a HIGHER LOW by the looks of things. What this tells me is there is still bullish pressure until we break 1839 area

We are looking for 1847-1843 BUY ZONE
using a tight SL of 40-60 pips at 1838.

NFP Friday will likely see a stronger dollar so I expect XAU to touch 1863-1867-1871 before dropping back down.

This is all speculation. We have sold at 1856 Tp 1846.55 and we are so close but end of session is nearing so we may close up shop early!