XAUUSD - H4 - TREND & KEYLEVELS ANALYSIS
Updated
Price rejected Trendline @1789.00 and a retest in progress. Should support be respected, the possible scenarios as above.
Otherwise, next Key-Level to observe @1765.00
Otherwise, next Key-Level to observe @1765.00
Trade active
Price has tested and reverse @1765.00 has shared. However, please note that price needs to break the trend line as drawn to see a continuation of the upward move.Otherwise 1765.00 may not be the lowest point of this current downtrend. (good to move stops to entry)
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