Bullish Setup For XAUUSD
XAUUSD on daily chart seems to be in a trading range.
On 4 hourly chart, a recent upthrust seem to have ended with a selling climax.
Interpreting the current price action with Wyckoff schematic,
there are last point of supply and last point of support and secondary tests.
A double bottom seems to have formed.
The possible buy setup could be near the recent 4 hour FVG, with TP1 near 2,370, TP2 near 2380 and TP3 near 2430
On 4 hourly chart, a recent upthrust seem to have ended with a selling climax.
Interpreting the current price action with Wyckoff schematic,
there are last point of supply and last point of support and secondary tests.
A double bottom seems to have formed.
The possible buy setup could be near the recent 4 hour FVG, with TP1 near 2,370, TP2 near 2380 and TP3 near 2430
Trade closed: target reached
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