XAUUSD 1H - Levels

Gold is trading above the 1750 level but only slightly. We already have our long position in which is protected, we would now look for this to potentially come down towards the support level of 1740-45 where if it supports its likely to try and break the 1750 level again and target higher pricing.

This is not really the right price point to take positions as you should wait and see how the price reacts around this level. Does it break and hold below, or does it break and hold above? Its better to trade with caution and patience in scenarios like this.

As always, trade safe.

KOG