PARALLEL CHANNEL BREAKOUT CONCEPT

Jul 19

In this analysis we are focusing on (1H) time frame for XAUUSD. As we know that gold create a new all time high (ATH). In this analysis we are using parallel channel and SMC concept combination. Price break the channel toward downside showing that seller in control and I expect price falls at least at the demand zone. According to the SMC concept once market swept all sell side liquidity then price will move in the direction of the trend. This sell move also known as correction move.
Here I'm looking for buy but we need strong confirmation after confirmation we will execute trade.

Remember always use stoploss for your trade.

# XAUUSD 1H Technical Analyze Expected Move.

This is just my analyze or prediction.

Jul 19

Trade active

Jul 19

Trade active

Jul 19

Trade active

Jul 19

Trade active

Jul 21

Trade closed: target reached

Jul 22

Trade closed: target reached

Jul 23

Trade closed: target reached