MARKET OUTLOOK FOR XAUUSD ON 17/04/2024
PiP Hunter Forex Academy PiP Hunter Forex Academy
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 Published On Premiered Apr 16, 2024

Market Outlook for XAUUSD today.
Looking at the Gold now, we can see that Yesterday's candle closed Doji after testing the 2364 zone and flew to 2398, and then dropped to 2383 .
Today, we can also see that gold Respected the H4 resistance at 2387 and a support at 2366.
So we will see if the market will give us a Sell confirmation to Sell back to 2366, that will be when H1 candle close below 2382.
But if H1 candle closes above 2387, then we can look for Buy opportunities.

Be open to both scenarios and allow the market to play out, when you see an opportunity, you go into it and pick some trades.


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