XAUUSD 1H LEVELS - 17/08/2023
Price managed to breakdown the 1902 level and it was a good scalp short to 1894 support zone
After that price bounced up from 1894 support zone following the bullish path
Here are some scenarios that I'm waiting for atm:
- Wait for price to come to 1910 resistance zone so I can enter scalp short
Bearish targets:
1902 - 1900
- Wait for price to come to 1918 resistance zone so I can enter scalp short
Bearish targets:
1912 - 1910
- Wait for price to come to 1932 resistance zone so I can enter scalp short
Bearish targets:
1926 - 1924
- Wait for price to come to 1884 support zone so I can enter scalp long
Bullish targets:
1894 - 1896
- Price breakout the 1925 resistance zone and flip it as support to continue local bullish trend
Bullish targets:
1932 - 1935
Previous idea:
*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)
After that price bounced up from 1894 support zone following the bullish path
Here are some scenarios that I'm waiting for atm:
- Wait for price to come to 1910 resistance zone so I can enter scalp short
Bearish targets:
1902 - 1900
- Wait for price to come to 1918 resistance zone so I can enter scalp short
Bearish targets:
1912 - 1910
- Wait for price to come to 1932 resistance zone so I can enter scalp short
Bearish targets:
1926 - 1924
- Wait for price to come to 1884 support zone so I can enter scalp long
Bullish targets:
1894 - 1896
- Price breakout the 1925 resistance zone and flip it as support to continue local bullish trend
Bullish targets:
1932 - 1935
Previous idea:
*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)
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