XAUUSD 4HR Analysis Update by OfficialKieranTrewick
XAUUSD 4HR Analysis Update by OfficialKieranTrewick
A short term bullish rally meeting the key identified pivot zone for 50% QA and 200 EMA that was short lived without following action to the upside instead met with a decisive US CPI + Interest Rate release yesterday which saw the precious metal gold plummit through various support defence lines and imbalances most inds to then create a lower low of the descending channel which validates the inner trend but does not invalidate the overall bullish market structure.
Thus going forwards I will now be looking for key confirmations showing signs of price reversals not just back to the 25% imbalanced QA but to perhaps back into the depths of the channel and push to complete another QA 75% which would still validate any potential inner channel with a lower high and rejection off the top side and once again 200 EMA until we get a golden crossover with the 50, balanced out inds, fractal HTs, bullish convergence and various other signs for price increase.
A short term bullish rally meeting the key identified pivot zone for 50% QA and 200 EMA that was short lived without following action to the upside instead met with a decisive US CPI + Interest Rate release yesterday which saw the precious metal gold plummit through various support defence lines and imbalances most inds to then create a lower low of the descending channel which validates the inner trend but does not invalidate the overall bullish market structure.
Thus going forwards I will now be looking for key confirmations showing signs of price reversals not just back to the 25% imbalanced QA but to perhaps back into the depths of the channel and push to complete another QA 75% which would still validate any potential inner channel with a lower high and rejection off the top side and once again 200 EMA until we get a golden crossover with the 50, balanced out inds, fractal HTs, bullish convergence and various other signs for price increase.
