Longs coming in shortly on XAU/USD-12July2021
Price has been rejecting from the previous 4hr zone and overall the structure is showing higher lows, so I suspect price will be retesting the next 4hr zone.
1. Price has to hold the 1hr zone for longs to be valid.
2. Looking for lower higher lows on the next 1hr candle for entering longs.
3. SL will be below the wick low of previous 1hr candles.
4. Final Target to next 4hr zone (~1820)
1. Price has to hold the 1hr zone for longs to be valid.
2. Looking for lower higher lows on the next 1hr candle for entering longs.
3. SL will be below the wick low of previous 1hr candles.
4. Final Target to next 4hr zone (~1820)
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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.