Long position set up - XAU price has hit a previous support and is now acting as a minor resistance till price falls back down to the support it built prior to market closing. I'm guessing price is gonna fall down again to previous support and spike up towards the 1760 region and even higher towards the major resistance on the daily time frame. Stop loss should be placed under the support range if going for the long trade when price falls.
Kommentera:
If price breaks the previous support, expect short entries to the 1689 - 1699 area!