đ„ XAUUSD 4H | London Friday (last session of the week)
Gold pulled back from the ~$4,697 high and is now chopping around $4,607. Strong higher-timeframe uptrend still intact, but this is classic pre-event digestion + Friday profit-taking.
Key levels:
đžSupport: $4,575â4,585 then $4,525â4,540
đžResistance: $4,630â4,650 then $4,690â4,700
London session playbook (today):
Range / fade first. Donât chase. Liquidity is decent but everyone is waiting for Fed Chair Warshâs Jackson Hole speech at 10:00 AM ET (15:00 London). That will set the NY move.
When to LONG ? đHold $4,575â4,585 + reclaim $4,620â4,630 with follow-through after the speech (dovish/neutral tone). Targets $4,650 then $4,690.
When to SHORT? đClean break + close below $4,570, especially if Warsh sounds hawkish on inflation/rates. Targets $4,540 then $4,525.
â ïž Friday + high-impact speech = wide spreads and fakeouts. Size down or wait for the reaction. Weekend gap risk exists.
NFA. Trade the levels, not the hope.
TRADE HERE đ $XAU !
Gold pulled back from the ~$4,697 high and is now chopping around $4,607. Strong higher-timeframe uptrend still intact, but this is classic pre-event digestion + Friday profit-taking.
Key levels:
đžSupport: $4,575â4,585 then $4,525â4,540
đžResistance: $4,630â4,650 then $4,690â4,700
London session playbook (today):
Range / fade first. Donât chase. Liquidity is decent but everyone is waiting for Fed Chair Warshâs Jackson Hole speech at 10:00 AM ET (15:00 London). That will set the NY move.
When to LONG ? đHold $4,575â4,585 + reclaim $4,620â4,630 with follow-through after the speech (dovish/neutral tone). Targets $4,650 then $4,690.
When to SHORT? đClean break + close below $4,570, especially if Warsh sounds hawkish on inflation/rates. Targets $4,540 then $4,525.
â ïž Friday + high-impact speech = wide spreads and fakeouts. Size down or wait for the reaction. Weekend gap risk exists.
NFA. Trade the levels, not the hope.
TRADE HERE đ $XAU !
