Short

XAUUSD 4H - Levels

Updated

We had hints earlier in the week that we were expecting some bullish movement on gold so we suggested to our group members to wait for the 1780-85 level before looking for shorts. We can see there is a potential 4H trend in play with the top approaching imminently just above. Breaking above here will show bull control so next levels above are likely around 1795-1800. We're going to wait for resistance around 1795-99 and if its strong attempt a small lot short on Gold.

We have news later which will move the market so please trade carefully!!

KOG

Trade active

Partials taken, stop to entry

Trade active

80% of the trade has been taken. Stop to entry

KnightsofGold

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