XAU/USD 4 hr Analysis
We are currently trading just below the top trend line of the corrective structure and any break to the upside which is looking imminent would be big and a continuation of the up trend .
XAU/USD Daily Analysis
We are inside a large corrective structure which is part of the up trend that started in February 2016, the corrective structure is very likely to end soon and would be followed by a big breakout to the upside giving a nice opportunity to buy the precious metal.
XAU/USD Weekly Analysis
We are still correcting the last impulse up and the corrective structure is in fact 9 weeks old but it is more likely that a break would occur soon followed by the up trend continuation.
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The charts represent my view of the market and should not be taken as trade advice, if you would like to follow my technical analysis you can find me here on tradingview.com