XAUUSD 1H - Levels

Our plan for today. We're already holding a short from above which we have now reduced exposure on. What we would ideally like to see here is some retracement back up to test the 1825-30 levels and looks at what kind of reaction we get there. Breaking that level back up should entail the price attempting to go back towards the 1845-50 level and potentially breaking it for higher pricing this time. On the chart you can see there is a clear run if we break the immediate support of 1813/12 all the way down to 1795 which would be the next target for Gold.

Our view is still short on this so we will be adding another short position with a tight stop if we get back up towards the 1825-30 level and face resistance targeting 1795.

KnightsofGold

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KnightsofGold

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