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Profound_Ambition

XAUUSD 4H

Gold Spot / U.S. Dollar (FX:XAUUSD)  
Profound_Ambition Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Supply and Demand Gold DJ FXCM Index Supply Zone break retest bounce rejection reversal
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trendanalysis supportandresistance supplyanddemand gold usdollar supplyzone break retest bounce rejection reversal
After being stopped out last night, price is now at a decision point for gold.. We have reached the descending trendline, now I will either watch for a rejection or a break or resistance & retest for continuation to the upside as price looks to be breaking structure. Patience is the key!
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1325 is a significant level to keep an eye on, if price makes a daily closure above this level I will be leaning more towards an upside breakout
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snapshot
Looks like a clean breakout, I will be going for it with tight risk management due to the US data tomorrow
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snapshot
Coming back for a potential retest / validation of broken resistance turning into new support
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