XAUUSD: 4385 Is the Level I’m Watching Today

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XAUUSD: 4385 Is the Level I’m Watching TodayGoldOANDA:XAUUSDjosselianiToday, the level that interests me most on Gold is around 4385. I’ll trade the move down toward this area, because I still think price should reach it. 4385 is where things get interesting → Once price gets there, I want to see the reaction first. If the level breaks and price manages to stay below it, then I’ll be looking for continuation toward the lower boundary of the daily channel — the purple diagonal. But there is one thing limiting the short scenario right now. Price has already moved outside the weekly channel, above the red weekly diagonal, and that line is now acting as support. So until price moves back inside the weekly channel, I don’t expect the downside to be completely free. For now, we are still in consolidation. So my plan is simple: Move toward 4385 → I’m interested in shorts. 4385 breaks → next focus is the lower daily diagonal. Red weekly diagonal keeps holding → downside remains limited. First, let’s get to 4385. Then we’ll see what the reaction gives us.