XAUUSD 1H LEVELS - 21/08/2023

Price is still ranging between 1895 - 1885 levels

At the moment it shows a rejection from 1894 resistance zone

The trend is still bearish but in my opinion I don't think price will go below 1880
(at least for now)

If price goes to 1882 support zone then I'll be looking for a bullish candle for confirmation to enter a scalp long

I will also add another bearish scenario that if price goes below 1880 then I will enter scalp short

Previous idea:
XAUUSD 1H LEVELS - 18/08/2023


*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)
Trend Analysis

Penafian