XAUUSD Analysis (16th April 2024)

XAUUSD Analysis

Price action has finally started to show bullish intentions creating a 4 hour Change of Character after sweeping Liquidity at $2325 on Gold.

This tells us price action is gearing up to continue to the upside, potentially creating new All Time Highs.

4 hour has created a bullish Fair Value Gap, so during Asian/London, i want to see price retrace into the 4 hour Fair value Gap before looking for Potential Buys.

Confirmation wise i should see at least a 15 minute change of character, or 5 minute change of character if it gets tapped during the london session.