XAUUSD - 4H Levels for the week

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Looking at the 4H chart we've drawn the short-term range.

I'm expecting Gold to push up at some point on Monday or Tuesday to test the breakout around 1840-50. There is however a lower pattern neckline that as yet needs a visit which is around 1808.

I'm expecting a small retracement up and then a decline again over the week.

We have a low target of 1808 and 1747, a high target of 1848 and 1894. We will share our plan over the course of the week.

We will put together our usual analysis on Monday which will give us a clearer picture. Currently we are not in any trades.

Analysis is also shared in more detail on our telegram group.

Knight Of Gold

🟡 Disclaimer: Not financial advice. For educational purposes only.