XAUUSD 4H - Levels

27 Eki 2021

Quick update from us. We're already in long from yesterday where we have taken 50% of the trade and moved the stop to entry, the lowest entry remains in tact.

Where seeing some signs on Gold of a potential move to come. We're not discounting another quick flush to the downside towards that 1770 level support and then a bounce towards the upside. As many of our followers will know we have been extremely bearish on Gold from the 1960 levels making the most of the movement. We have targets above around the 1816-19 levels and we have targets below around the 1780-1775 level. We'll be looking to take smaller longs from below but what we really want is that upside move to get in short again.

We've tried to illustrate this the best we can on the chart.

We're in the last week of the month so its always best to trade with caution and protect any profits you've made during the month.

As always, trade safe.

KOG