XAUUSD 1H - Levels

Immediate support and Resistance levels for your charts.

1H - We've just broken out of the triangle and the price is trying to target the lower support. We're waiting for the 4H close to see if we can break and close under the 1860 level. You can see there is a target above but the market will want you long as high up as possible before they move it away so be careful where you enter.

We would suggest 10-20pip trading in the coming session, a quick in and out as the swings are likely to trigger SLs unless you're trading with large SLs.

We have to play this really carefully. They could swing it low, then high, then do another drop. 1860 is a crucial level, the price needs to break this level and close below it on the daily.