XAUUSD H1

Hi Traders

Gold has made quite a strong rally of 500 pips breaking through any kind of support/resistance. Price is currently testing the 1250.00 level and has tried to break through but got pushed straight back below. This is an indication the level may hold.

Price will need to break through the trendline I have drawn before I look to pull the trigger for the sell. Potential 200 pips to grab off this sell. Gonna have to be patient and see if we get the right setup. 

If price does break through the 1250.00 level then our next major resistance level of interest will be 1260.00

Happy Trading

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