📈XAUUSD analysis 4H, 📉

XAUUSD
XAUUSD

• Gold analytical series, First day of the week.
  
• Hello Traders, please check out my previous ideas.
  
• If the price breaks above the midline or stabilizes above the 1896, the bullish scenario will be activated, and price can test daily Bollinger midline.
  
• Targets are shown on the chart.
  
• 
  

✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌

Trade closed: target reached:

1902 reached.✌

Comment:

If the price stabilizes at the level of 1896, a bullish scenario will occur. But more likely, the price will go below the level of around $1883-1886 and then after stabilization, it will start an upward movement.✍🐱‍👤

Comment:

as we said the bullish scenario starts at the level of 1898$.✍
Due to the PMI in other countries, gold can complete the bullish scenario and then wait for the US PMI.💥
Be sure to make your positions risk-free.✌

Comment:

1910$ reached.✌

Comment:

a risky analysis
if the us pmi increases, xauusd can touch 1903 then 1883 level.✍🐱‍👤

Comment:

PMI decreases to 47. if XAUUSD stabilizes above the 1910-1915, price can reach 1920 then 1930 level.

Comment:

1920 reached✌
If the price stays above the $1915 level, the bullish scenario can continue to higher levels.
If the price drops to the level of 1911 dollars, the bearish scenario will continue until around 1904 (marked yellow area), then 1897 and then 1890.