XAUUSD Battle of the trendlines

Price is stuck between two opposite trendlines and breakout is close.

We think that red line will be violated and potential targets for drop is marked on the chart

Like and comment if you find value in our analysis.

Good luck


NOTES:

- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.

Best Regards.

Trade closed: target reached:

It's crucial to pick the winning team for the fight. Taking first profit +183 pips