XAUUSD 4H - Wedge break!

As we published in our earlier analysis, we were keeping an eye on this 4H wedge and looking for the support to hold. We highlighted the area where we didn't want to get trapped in a FBO. Gold is sitting in that area right now....This isn't the place to start getting into positions to catch it, it can go either way!

We've broken below the 1790 level where we did take a small long and took 25pips before taking the exit. We're now sitting neutral waiting to see how this reacts at this level (1785).

We still advise with Gold, take it easy, if you're a new trader come back to it on Monday.

As always, trade safe.

KOG