XAUUSD 4H - Levels

Quick update from us following on from the KOG report. You can see the trend is broken to the down side and for now it looks like we're going to target the lower levels we suggested. We've added a couple of trendlines just to make sure we're not missing anything and as you can see both are broken. Again, unless this is a false breakout, which it possible, we would imagine this to test the lower levels.

We have illustrated the potential movement as long as the price stays below the 1795-97 price zone (in our opinion). As we suggested we're trading this level to level at the moment and very lightly.

As always, trade safe.

KOG

Comment:

Apologies, we missed out the 1750-48 support level. That could be a turning point! Please add that to your charts