XAUUSD Long
Updated
According to the higher time frames, there is a falling channel which is a major indication of the bullish trend.
Now it has reached a major support zone, which is the previous lower low of the channel.
According to the lower time frames, there is a ranging market which might give us the go ahead of either a bullish or bearish momentum.
Let us wait for the price to move further.
Now it has reached a major support zone, which is the previous lower low of the channel.
According to the lower time frames, there is a ranging market which might give us the go ahead of either a bullish or bearish momentum.
Let us wait for the price to move further.
Comment
Let us focus on the reaction of the price on the lower trend line of the range.It seems the current price movement was a bear trap! Only time will tell.
Comment
Entry @1650
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