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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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.