XAUUSD 1H LEVELS - 17/08/2023

17 sie 2023

Price managed to breakdown the 1902 level and it was a good scalp short to 1894 support zone

After that price bounced up from 1894 support zone following the bullish path

Here are some scenarios that I'm waiting for atm:

- Wait for price to come to 1910 resistance zone so I can enter scalp short
Bearish targets:
1902 - 1900

- Wait for price to come to 1918 resistance zone so I can enter scalp short
Bearish targets:
1912 - 1910

- Wait for price to come to 1932 resistance zone so I can enter scalp short
Bearish targets:
1926 - 1924

- Wait for price to come to 1884 support zone so I can enter scalp long
Bullish targets:
1894 - 1896

- Price breakout the 1925 resistance zone and flip it as support to continue local bullish trend
Bullish targets:
1932 - 1935

Previous idea:

*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)