XAUUSD 1H - Levels

Just as we thought yesterday, Gold declined towards that 1740-45 level to gather enough momentum to come back up and break the 1750 price point and close above it. Today we would look for a similar scenario, it looks like the price is starting to exhaust around this level so a potential move back down towards 1750-45 could be on the cards. Holding above this level would most likely lead the price to gain more momentum to go further up towards the 1770 target that we have.

As always, trade safe.

KOG