KnightsofGold

XAUUSD - 4H Levels - We're still waiting to short

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold looks like it wants to test the higher levels, bullish daily candles and a reversal pattern in play.

Resistance:
1888
1894
1900

Support:
1868
1860
1854

The 4H chart is showing support at around 1865-70 which price has attempted earlier. Break and close above 1875 and I think we're in for a bit of a squeeze on the sellers.

If it continues to support around 1865-70 we'll test the Long with a target of around 1890-93, we're not waiting for 1900. If we go straight up, based on successful resistance at the mentioned levels we'll look to go Short with a target of 1860-55
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🟡 Disclaimer: Not financial advice. For educational purposes only.

Comments

great analysis 👌
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KnightsofGold mahmoudfathi045
@mahmoudfathi045, Thank you
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