FUNTRADER-Vera

2812 WKP1 Gold 4h and daily plan

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders,

There is a daily channel that you should nor miss for now.
It would be invalid if gold went sideways on daily chart and broke it.
But for now , we would take it into consideration and make a detail check on 4h chart.

Our last idea on 1h chart for GOLD said it would be better to wait for a signal. Gold did not give us chance to check by breaking through the box and make a test around 1900 where is 4H resistance be test several times. We could wait to see if any selling signal on 4h chart will appear there.
1875 would be the next 4H support level. 1850 is too early to say now.

Gold might follow 4h chart channel moving up again by making some weak sideways movement on 4h chart. Or it could just follow daily chart to start dropping down to daily low.

Will update signal on this idea later to see exactly where GOLD want to go.

Good luck!!!
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