4H Outlook of XAUUSD
- Gold is generally Bearish for now and that might change too.
- Gold dropped below equilibrium between the daily high and Low - then bought from about 70% of it.
- The bullish pullback gave us a 4H Structural low while taking out the 4H structural High with a wick causing a CHOCH - The CHOCH created is more of a liquidity grab which is why we are still looking at price from a bearish perspective.
- For our bearish drop to continue, Price has to take the 4H structural low.
- Gold is generally Bearish for now and that might change too.
- Gold dropped below equilibrium between the daily high and Low - then bought from about 70% of it.
- The bullish pullback gave us a 4H Structural low while taking out the 4H structural High with a wick causing a CHOCH - The CHOCH created is more of a liquidity grab which is why we are still looking at price from a bearish perspective.
- For our bearish drop to continue, Price has to take the 4H structural low.