XAUUSD Analysis (1st May 2024)

Market Analysis PT1/2 (1st May 2024)

XAUUSD Analysis

On the 4 hour timeframe, we have confirmed a 4 hour MSS with price closing very bearishly on the 4 hour timeframe.

Dropping to the 1 hour timeframe, price action here has created a 1 hour OB, along with a 1 hour FVG just right under it.

Looking for price to retrace during asia session into the FVG/OB before looking for a 5/15 minute CHOCH to look for shorts.

This week is Price action will be alittle messy due to ADP and NFP coming up. So do trade carefully!