XAUUSD 1H LEVELS - 21/08/2023
Price is still ranging between 1895 - 1885 levels
At the moment it shows a rejection from 1894 resistance zone
The trend is still bearish but in my opinion I don't think price will go below 1880
(at least for now)
If price goes to 1882 support zone then I'll be looking for a bullish candle for confirmation to enter a scalp long
I will also add another bearish scenario that if price goes below 1880 then I will enter scalp short
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)
At the moment it shows a rejection from 1894 resistance zone
The trend is still bearish but in my opinion I don't think price will go below 1880
(at least for now)
If price goes to 1882 support zone then I'll be looking for a bullish candle for confirmation to enter a scalp long
I will also add another bearish scenario that if price goes below 1880 then I will enter scalp short
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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