$XAU gold has been hovering around 4400 and repeatedly consolidating—can it break through the muddiness tonight? 8.17 plan, explained on the 1-minute chart:
Currently, after pushing up to 4456 on the 4-hour chart, price started climbing higher then pulling back—this is short-term profit-taking, understanding the market. But after this round of longs take profit, there hasn’t been a big sell-off downward. In terms of structure, the 4-hour rebound pattern is still firm. No need to talk too much—brothers, don’t use excessive leverage; just see how it turns out.
xau4395-4385 long, add to position: to be determined in the comments
First target zone: 4425-4415
Second target zone: 4455-4445
Range level: 4485
#xau #gold
Currently, after pushing up to 4456 on the 4-hour chart, price started climbing higher then pulling back—this is short-term profit-taking, understanding the market. But after this round of longs take profit, there hasn’t been a big sell-off downward. In terms of structure, the 4-hour rebound pattern is still firm. No need to talk too much—brothers, don’t use excessive leverage; just see how it turns out.
xau4395-4385 long, add to position: to be determined in the comments
First target zone: 4425-4415
Second target zone: 4455-4445
Range level: 4485
#xau #gold