GrandTA

XAUUSD 1H LEVELS - 24/08/2023

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
If you followed my previous idea about DXY, we did get a rejection at 103.8 resistance zone, which means bullish for most USD pairs

In my previous idea about XAUUSD, to enter scalp long I was looking for price to get above 1910 resistance zone first and flip it as support

I got short scalp entry at 1920 resistance zone, but the better entry is to wait for price to come to 1912-1910 support zone and look for bullish confirmation candle on lower time frame

As long as we're above 1880, we'll remain bullish

Previous DXY idea:


Previous XAUUSD idea:


*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)
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