TheTradingPulse

An intraday take on 4H FRIDAY

OANDA:XAUUSD   Gold Spot / U.S. Dollar
On 4H we can see that the price is hovering at the discount zone, however there are still imbalanced zones close by. there is one at the premium and discount zones. For intraday we are bearish bias but we would only place trades where the price is at a lower risk, the highs of the 4H SNR. We will look for possible entries in the LTF. Today is Friday and the market is still sideways. There would be possibilities for buys and sells.
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