XAUUSD 1HR Analysis Update & Trade Idea
XAUUSD 1HR Analysis Update & Trade Idea
After catching sells down from the top of the 1927-29 area we are now looking for the correct confirmations around 1905-07 to enter longs back up to the key area of 1934 and maybe even chase the months high at 1954 as we saw last time there is a lot of support around the 1890-1900 zone which would need an event such as CPI to break it, so I guess we will see what happens tomorrow but for now we will see what price action develops like today.
After catching sells down from the top of the 1927-29 area we are now looking for the correct confirmations around 1905-07 to enter longs back up to the key area of 1934 and maybe even chase the months high at 1954 as we saw last time there is a lot of support around the 1890-1900 zone which would need an event such as CPI to break it, so I guess we will see what happens tomorrow but for now we will see what price action develops like today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.