FriesianFX

XAUUSD Gold 4h breakdown

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Following on from yesterdays 4h breakdown, it's clear to see that our level of rejection was correct with price seeing a sharp rejection off of it and price retesting the 1912 level, almost a $20 rejection.

From here what can we expect? with price action showing indecision at a support level it's hard to say for sure, but the longer we spend within this range the less bearish I become after the liquidity grab yesterday.

Let's see what happens in asia session.

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