XAUUSD is setting up for reversal buy the breakout
Updated
Hi there,
Gold is setting up for reversal. There is very good potential for upside. If you are not in from bottom on our last trade setups than watch bottom for buy or buy the breakout.
If you are looking to buy before the breakout then make sure you understand the price action before you trigger the buy because it can breakdown and can continue for one more bearish wave. If so then wait for the bearish correction before you start to sell the gold for one more wave down.
If we are going to see strong break up then you can even hold your trade for longer term for up side because potential is huge for upside For that please have a look on my bigger time frame trade setup in the related idea section.
Good Luck
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Gold is setting up for reversal. There is very good potential for upside. If you are not in from bottom on our last trade setups than watch bottom for buy or buy the breakout.
If you are looking to buy before the breakout then make sure you understand the price action before you trigger the buy because it can breakdown and can continue for one more bearish wave. If so then wait for the bearish correction before you start to sell the gold for one more wave down.
If we are going to see strong break up then you can even hold your trade for longer term for up side because potential is huge for upside For that please have a look on my bigger time frame trade setup in the related idea section.
Good Luck
Please support the setup with your likes, comments and by following on TradingView thanks
Thanks for your like and comments.
Note
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Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
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