here is my $XAU analysis for today. am not perfect but i will try my best.


there are many strategies around but offlate i have been using the previous day candle strategy to come up with my bias for the following day together with OBs and FVGs on the 4hr timeframe.

1. on the previous daily candle i have marked the high, mid price and lows.
high - 4105
mid- 4045
low- 3984

2. if the price breaks above 4105, normally 4hr body close with good rsi levels and clean MSS. then bullish reversal is confirmed.. you can execute a buy on the retest

3. if the price breaks below 3984, 4hr body close with a clean MSS. then a bearish reversal is confirmed. execute sells upon retest.

4 if the price is ranging on the mid levels of 4045 dont execute any trade. very risky as the market could go in any direction.

stay locked in, protect your capital and always remember confirmation before entry is very important
XAU1.28%
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