XAUUSD - 4H Levels - Plan complete

GOLD! The clue was in yesterdays analyses!!!

Well done to those who followed. We mentioned yesterday that as long as the price stays below 1810 we had our eyes on the 1763 level....Target hit!

What can we expect now?

We don't think the selling is over with. We have a lower target on Gold which we are looking at, however, we would expect some retracement on the price over the early sessions tomorrow. We have illustrated what we think could be the route Gold takes and where we could end the week. We're going to play this one carefully now as we're still holding our positions from 1804 and 1797.

If this goes up tomorrow we will look for resistance levels at the 1762 mark initially, breaking above that and the next level is 1775. At the said level we will look for strong resistance and as long as we get that we will look to short again for the lower levels. If this swing is what we think it is then there is a chance we can break below the early Aug low at some point so trade this carefully.

These is a slight concern that Gold is being supported at a weekly level, we need to close the week below this level to see the lower levels.

Your likes, comments and following are very much appreciated.

As always, trade safe.

KOG