XAU/USD: RANGE BREAKOUT - 1600 POTENTIAL PIPS
After a relentless downward move, we see now nome kind of a pullback or pause in the trend.
There is still space to go down, for there is a magnet support at 4H timeframe (Blue line)
To confirm that the trend has resume, we need to see a strong breakout, and execute within the plan rules.
As you can see the price already broke the counter trend line giving us some selling bias
In this case be aggressive with the breakeven, we don't want to be part of an exhaustion climax at the support
There is still space to go down, for there is a magnet support at 4H timeframe (Blue line)
To confirm that the trend has resume, we need to see a strong breakout, and execute within the plan rules.
As you can see the price already broke the counter trend line giving us some selling bias
In this case be aggressive with the breakeven, we don't want to be part of an exhaustion climax at the support
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