XAUUSD on its way to recent high of 1949

1 févr. 2023

So the price action is according to the plan shared in the last post. The price bounced from 4h support. The price did not quite actually touch the price I marked, but was very close and skipped it by 1 dollar.

Now as mentioned before, price will move higher from here and will clear the recent high of 1949.

1 févr. 2023

Note

The price retraced again to the 4h support level and breached it for a short duration and pushed again above this support level. Though i expected the test of the 4h support and last time it remained a bit short of it, the price indeed came back to test that level clearly. I assumed that the first test which was a bit short of touching the support, was the last one before moving higher. But that was not the case. But lets see if now it moves higher.