XAU/USD 4H - As price continues to play out as previously predicted we want to see a continuation in this bullish pullback, ideally we want to see price trail into one of two Supply zones provided. From here we can look to sell into this market longer term.
Until then we can be looking for fractal Demand zones to get an entry on buys before we sell, meaning we can take full advantage of the correction as well as the next impulse. Well done to anyone who got involved in buys based on last weekends analysis by the way.
You will notice I have gone ahead and highlighted two potential Demand zones that we could look to buy into this market from, in order for us to enter we need to be delivered with the right confirmation. As always this will be a tap of the zone, rejection to the upside and a BOS to confirm the end of the current fractal correction and the start of the next bullish leg.
Until then we can be looking for fractal Demand zones to get an entry on buys before we sell, meaning we can take full advantage of the correction as well as the next impulse. Well done to anyone who got involved in buys based on last weekends analysis by the way.
You will notice I have gone ahead and highlighted two potential Demand zones that we could look to buy into this market from, in order for us to enter we need to be delivered with the right confirmation. As always this will be a tap of the zone, rejection to the upside and a BOS to confirm the end of the current fractal correction and the start of the next bullish leg.
