Xauusd4h
XAUUSD LONGGold is an uptrend and each time it climbs up it is testing new support and resistance. I'm expecting it to hit around 1800 but we'll see how it plays out. Be careful with Gold use small lot sizes. Again same as GUSD I have been in gold earlier but I took my profits and started a new trade. Always take your money. You could always set your SL to break even once it has climbed up a good amount but I'd rather take in some profits than none. Again don't be greedy but trust your analysis.
XAUUSD (Gold) - Approaching Key Resistance @ $1700📢XAUUSD 4H - Technical Breakdown
📈Price action nears key resistance at $1700. This is the current range high despite the extremely volatile swings that have seen Gold ranging 2000+ pips in a single week.
📊How Gold reacts to this key resistance area today and over the coming days will largely dictate the direction for the next 7-12 days and give us more insight into whether we should be scoping out buy or sell positions. Keep an eye out on my TradingView for Gold trades as and when we have more confirmation.
XAUUSD approaching resistance, look out for potential reversal!
XAUUSD is approaching its resistance at 1641.66 where it is could reverse down to its support at 1555.25.
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