XAUUSD - 1H Levels

We're coming back in to test the breakout box. Here we want to see rejection or a break back inside. This could be a larger 1H H&S playing out so it wouldn't be surprising to see this range back inside for weekly close.....Keeping an eye on this. We've taken a small Long from 1702 based on the previous levels we mentioned this morning. Eyes are on the 1708 and then 1720 levels again!

Again, daily and weekly close is important, we wanted that spike up before the bigger drop but 1720-25 proved to be a strong level. Still bearish until we get confirmation of a bottom, which we haven't yet.

We'll sit on the trade we have in already and wait for Monday.

As always, trade safe.

KnightsofGold

🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/

🟡 Disclaimer: Not financial advice. For educational purposes only.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

KnightsofGold

Also on: