XAUUSD - 1H Levels

As we suggested earlier in the week, we expected Gold to go down and test that IHS from the last time we were at this price point.

Now it seems its done that we are waiting to see if we get a double bottom. If we do it looks like a good LONG opportunity towards 1845-50, if we break the level below then its likely we will visit 1820-1810. Our overall target is still 1750, however, Gold has been very choppy recently, i don't think we'll reach that target in one go. It wouldn't surprise me to see one more up leg before a move down again.

As always, please trade safe. We'll update again later in the day.