1 Hour XAUUSD

Kommentar:

So if you take a look at the previous chart I posted up. You would see I have placed my entry line thats in red and just about took me in profit. it didnt hot my TP I placed in but it definately put did what I knew it will do. At the moment I'm just looking at where price is currently at I'm waiting to see what it will do. It may test the support at around 1500.76 and wait for confirmations before I enter a buy or sell. It it makes a bearish move and breaks through support and closes after the previous candle then I would go for a sell. If not and respects the support and goes bullish and closes above the previous red candle I would look for buys.

I will explain more on the next chart.

Thank you