Long

2020-09-30 XAUUSD

Updated

I want to see the price fall into my buy zone. A bounce off the cloud is possible as well. Watching the price this morning.

Potential breakout for higher timeframe wave 3.

Note

We dipped to retest the trend itself. Looking for a solid bounce up.

Note

Major 4h resistance may win out on this. We'll see.

Note

After reviewing the higher timeframes, it looks like we just don't have the momentum to breakthrough. Anticipating a major sell-off.

Note

This trade will most likely move up to test the 1900 area before falling. Not a bad trade, but I believe a sell will be a strong trade overall.

pipdrifter

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