XAUUSD Buy After Retrace
As I mentioned in my previous analysis, price was consolidating and after some rest, it broke up the consolidation zone to the upside.
Currently, we can see a higher high and lower low structure. In daily chart there is also a strong bullish pressure.
At this point, we need to wait for a throwback and some retrace and then enter a long position.
If price came down to retest the yellow broken zone which is between 1682-1691, we can buy XAUUSD with a target at 1731.
Currently, we can see a higher high and lower low structure. In daily chart there is also a strong bullish pressure.
At this point, we need to wait for a throwback and some retrace and then enter a long position.
If price came down to retest the yellow broken zone which is between 1682-1691, we can buy XAUUSD with a target at 1731.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.