After a retracement on the hourly, seeing a nice dump to break the newly formed support down to 184 zones.
After the bounce on support level and failing to break below, the 4hr gave us a clean bullish engulfing + one hour just broke above its minor resistance level. I see upward trend to 1920 zones.
Waiting for price to break and close above 1913 for a nice buy to 1919, 1923 or 1930 zones. After last weeks fail to break below 1910 support even after high impact news, my bias on a move up has been cemented.
A close below 1940 should secure a swing sell to the next demand zone of 1930.
Since we got to 1926, i will hold my existing sell with stoplosses at break even and look for new entries after a break and close below 1923 on the hourly timeframe. Possibly during NY open. OANDA:XAUUSD CAPITALCOM:GOLD TVC:GOLD
Now that we have finally gotten to the 1910 support zones, I have taken my first buy with a stoploss at 1890 and takeprofit of around 1940.