XAUUSD 4H - Levels

Excalibur has given us another long indication. Although we know its a very accurate tool, after yesterdays flush on the buyers we would treat this with caution. Its likely that we may see the price push up at some point to get some late buyers in, we have a lower level of 1857 and 1840 which we feel is due. What we want to see is this push up and resist at the given levels and then begin its decline to the lower support. Its broken up above some key levels, if the price stays up here on the weekly candle its likely we've opened up higher levels that can even take us to 1940-50 on the daily. This is something we will need to observe on closing tomorrow.

The ideal scenario here is support below, push up towards the 1885-90 level, resistance there and then a decline into Friday.

Support:
1860
1851
1840

Resistance:
1881
1891
1901-3

KnightsofGold

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