XAUUSD 4H

4H:

We’ve had an equal high and a higher low. I would anticipate a test towards 1840 and wait for a reaction around that level. Again, just like the Daily chart we’re in a smaller (symmetrical) Triangle formation.

We have below what is not a very clean Inverse Head and shoulders, price usually test the right shoulder at some point so this area is very important.

Within the range we’re taking Longs and Shorts, however, I want to see how the market moves on Monday and Tuesday before making a more informed decision on where we’re heading.

Support:
1835-37
1826-24
1816-1810
1775-1778

Resistance:
1850
1857
1872-76
1891-1895