XAUUSD 4hour Analysis December 18th, 2022
Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish here on gold but price action is having a hard time breaking through 1800.00 resistance.
If we are to continue bullish we need that break above 1800.00 with structure above.
Trade scenario 2: If we are to enter short we want to spot strong rejection from 1800.00 with bearish variations to enter short on.
Target lower toward key support levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish here on gold but price action is having a hard time breaking through 1800.00 resistance.
If we are to continue bullish we need that break above 1800.00 with structure above.
Trade scenario 2: If we are to enter short we want to spot strong rejection from 1800.00 with bearish variations to enter short on.
Target lower toward key support levels.
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