XAUUSD TRADING ANALYSIS

I am bullish on Gold though

Gold wants to sell but yet it has been stressing someone, I will wait for good confirmation around 2:30pm , but I have my projection already

That is the 4hrs to daily but 15min is showing bearish, which could extend to the higher 4hr timeframe

That's true though

I will just keep an eye on it

I'll wait for the sells to be over. I'm looking out for buys though.
Entry: 4307
Sl: 4256
TP: 4444

Yeah. Lower timeframe is bearish already. If I were to sell this is what I'll be looking at.
Entry: 4369
SL: 4403
TP: 4252

Although price is gradually approaching 4334.100 level and if it breaks I expect the bearish extension to 4hrs timeframe

That's a good level but price is just misbehaving today

The way price is approaching that level I marked there's high selling volume and price may break that level

If it closes bullislh then we should expect more buys into next week but am not sure with this level of sells we have today

Gold is rejecting that level from the 4hrs timeframe but I will wait till 4pm and watch the reaction if they rejection will hold or price will break below there

It's between 2pm to 3pm 4hr window that Gold will decide on the sells.
I'm waiting for the buys though.

Even with the sells, I'm expecting the week to close bullish forming a swing low at that 4300-4350 price region. Then next week will start with sells, before going on the real bullish rally for the month.

That's normal Gold drama. See price now. rejecting from that level 4367 price level. I won't be surprised if it continues the rally from that level.

Gold will only sell if price closes below yesterday's high by the end of the current 4hr or the Daily by 10pm. Otherwise it will just be dramatic around the zone and be indecisive trapping many early sellers or impatient buyers.

That's normal Friday market behaviour. That's how traders can lose all the profit made within the week on Friday if discipline and self-control is not strong.

You have to be very careful with Gold. prioritize your risk. It's at a sensitive price level.

Nice one.

There's still opportunity for the sells, but I'll be expecting it next week.

Alright. That's the wise thing to do.