XAU/USD-4 Hour time frame analysis

2020-02-14 20:07:59

Hello everybody,I want to share this with you!

-On 4 hour time frame we can see that price is still rejecting in resistance zone(blue tone) and on lower time frame such as 1 hour we can see even more rejectins.
-We can see lot of rejections in that resistance are so I consider that as strong resistance zone.
-I expect after this retests bearish movement,for selling opportunity this is good risk reward trade...But that is just my opinion.
-If price continue to push in bullish direction we may expect few more retests or breakout,so we will see what is going to happen.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in comment section!

THANKS FOR READING!

-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.

-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial