XAUUSD | 1H Outlook
My current analysis is based on the 4H dealing range between 4220.22 and 4380.04.
š If price moves lower Iāll be watching the lower marked zone. A reaction from the 50% level of that zone could provide a buying opportunity, but only with proper confirmation.
š If price moves higher Iāll be watching the upper marked zone. A reaction from the 50% level of that zone could offer a selling opportunity again only after confirmation.
For now Iām staying patient and letting price reach one of these key areas before looking for an entry.
This is just my analysis and opinion. Always wait for your own confirmation and manage risk accordingly.