XAU/USD: History Repeats Itself?
Updated
On Daily chart, do you see something similar? (ones with blue circle)
Is it the beginning of another uptrend, or just some correction before falling down?
For now, 4h chart is a range. I LOVE RANGE, because it NEEDS to break out.
Just some notes: It should have a 4h candle close above/below the range to enter the market.
Wish you luck and properous!
Is it the beginning of another uptrend, or just some correction before falling down?
For now, 4h chart is a range. I LOVE RANGE, because it NEEDS to break out.
Just some notes: It should have a 4h candle close above/below the range to enter the market.
Wish you luck and properous!
Note
Gold has been doing pretty well, 4h candle broke the range and stay well above 1294.00. Wait for little retrace and join.Note
Congratulation to ones that already bought Gold. Now move SL to break even and enjoy.Note
Up to the sky, baby. (Just kidding).In my opinion, it’s hard to tell whether it is a retrace or a new uptrend. So send a probe when there is a bearish hintsight. Move SL to break even and see what works.
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.