Take away points :
- XAUUSD has been in a good uptrend for the last couple of months, mainly driven by Central banks demand for Gold.
- We had a break of structure to the upside on the left followed by a trendline bullish break, which indicate strength to the upside.
- Price is currently retesting a minor H4 zone, monitor this area for bearish exhaustion and wait for bullish candlestick formation.
Here is my trade idea, it's not a financial advice, just for entertainment purpose.
- XAUUSD has been in a good uptrend for the last couple of months, mainly driven by Central banks demand for Gold.
- We had a break of structure to the upside on the left followed by a trendline bullish break, which indicate strength to the upside.
- Price is currently retesting a minor H4 zone, monitor this area for bearish exhaustion and wait for bullish candlestick formation.
Here is my trade idea, it's not a financial advice, just for entertainment purpose.
Trade active
TRADE IS PLAYING OUT PERFECTLY !
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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.