On the 4hr timeframe price still has some bearish momentum and is possibly looking to fulfill the next LL. The Moving average on the 4hr are still bearish and the 21 Moving average is in confluence with a red dotted resistance zone. I have placed a limit order on that line but I will monitor this pair throughout the course of next week.
daytradingFibonacciGoldshortSupport and ResistanceswingtradingTrend AnalysisXAUUSD

Penafian