XAUUSD 4H - Levels

28 oct 2021

Our long trade is working well for us, members have managed to take a few entries, bank partial profits and re-enter again on this giving us a nice end to the month. We're going to follow this illustration and the trend that is in play which could possibly lead us to the key liquidity area around 1835. What we need to keep in mind is that there will be a lot of break even traders in the region and a lot of stops above so there is potential for a little higher!! For that reason we'll keep taking profits along the way on our long and protect with the stop at entry.

We're in now so lets see how far we can take it. Our ideal area is that 1835 region for another short, but lets be patient and we'll assess the situation when and if we get there.

Todays levels:

Support:
1797
1793
1786

Resistance:
1805
1808/9
1814-6

As always, trade safe.

KOG