XAUUSD 4H - Range update:

Quick update on the 4H chart we shared the other day. As you can see we've broken below the 1830 level and hit the lower support region of 1825 where price is finding short term support. What we want to see now is how this 4H candle close, close below the 1820 level and we're still on the path of the KOG report making our way down towards the 1810 and below that 1790 levels. Lets trade this level to level though, there needs to be a backtest so they can push this up quite easily, especially with Powell speaking later!

As always, trade safe.

KOG