EDRIC VIEW | XAUUSD (H4 ANALYSIS)
Based on H4 candlestick structure, a bullish trend reversal is forming and we are prioritizing BUY setups.
Price Action & Volume Breakdown:
• Candlestick Pattern: 3 consecutive bearish candles with shrinking bodies, showing seller exhaustion.
• Volume Dynamics: Volume is steadily increasing on the decline, indicating strong buyer absorption at the current demand zone.
Conclusion: High-volume absorption with narrowing price range confirms heavy buying pressure. Look for optimal BUY entries around the zone.
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