XAUUSD 4H - Levels

Gold....The hourly is looking bullish, there is what could potentially be a bulll flag which has broken to to the upside which suggests to us to take shorts with caution. We can see support below at around the 1807-05 level again but gold needs to break this level to go down further.

The key level is 1795 support, which was previous resistance, now support again. You can see we're resisting at the break out and the price is trying to challenge that 1820 level again. This level needs to break for it to go higher!

Support:

1807
1802

Resistance:

1820
1830

We would expect slight volatility today as its the monthly close, its also NFP on Friday so the market may make a move and then settle for the rest of the week, please trade today with caution.

Looking bullish to us!!