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Xauusd h1
βοΈβοΈ
today is Friday
Weekly candle will closed
very risky
Market rather it will fly towards 4700-4740
or it will drop towards 4410-4300
XAU/USD (4H) Analysis π
Price is respecting the descending channel and forming a corrective ABC structure.
Currently consolidating near support β weak bullish momentum.
π» Breakdown below support β Expect continuation towards lower channel zone (bearish move).
πΊ Rejection + breakout above trendline β Short-term bullish pullback possible.
Bias: Bearish until structure breaks
#XAUUSD #Gold #Forex #PriceAction
Donald Trump said he could delay his planned summit with Chinese President Xi Jinping if Beijing doesnβt help unblock the Strait of Hormuz,
