XAUUSD 1H

XAUUSD
The first analysis on one-hour gold time
Due to the structure of the 4-hour candlesticks and the engulfing of the body of the previous red candlesticks
There is a possibility that the price will rise to the level of 1857.
If the price continues to be supported above the level of the red rectangle in four hours time frame, the expectation of the price rising to the level of 1857 will be stronger.

• The optimal stop for a long position is below the 1842 level. (Longer stop below the 1838 )
  
• The optimal entry point for the long position can be in several stages up to the level of 1844.
  

Trade closed: target reached:

Target fully achieved.