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XAUUSD: Safe Haven Flows!

Daily Time Frame: Starting on the daily we can see that price has been ranging in between 1685-1735.000 key weekly zones. Notice how price has cleared 1735.000 key psychological resistance to form new swing highs.


4Hr Time Frame: Scaling down we can see that price is retesting this weekly zone as newfound support. If price is able to sustain above this key area, we can anticipate longs to 1795.000 psychological zone. However, if price manages to break and close back below then anticipate shorts back down to 1685.000. Due to uncertainty of market fluidity, risk management is highly recommended.


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