XAUUSD 1HR Analysis Update & Trade Idea
After catching sells down from the top of the 1927-29 area we are now looking for the correct confirmations around 1905-07 to enter longs back up to the key area of 1934 and maybe even chase the months high at 1954 as we saw last time there is a lot of support around the 1890-1900 zone which would need an event such as CPI to break it, so I guess we will see what happens tomorrow but for now we will see what price action develops like today.
After catching sells down from the top of the 1927-29 area we are now looking for the correct confirmations around 1905-07 to enter longs back up to the key area of 1934 and maybe even chase the months high at 1954 as we saw last time there is a lot of support around the 1890-1900 zone which would need an event such as CPI to break it, so I guess we will see what happens tomorrow but for now we will see what price action develops like today.