XAU/USD-4 Hour overview

Hello everyone!

-On a 4-hour time frame, we can see that the price formed bullish hidden divergence and that is a solid sign that the rice may continue moving in a bullish direction.

-We can see that the price formed a very nice bullish engulfing pattern so that is also a very solid sign that the bulls are going some power.

-On a 4-hour base USD is very weak and on a 8-hour base is still weak.

-If USD remains weak then we may expect further bullish movement and if USD gains some power then we can expect bearish movement.

-WHAT DO YOU THINK ABOUT THIS SETUP?
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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.