I've recently watched a video about the PMG entry from SaraStratSniper and I figured this is a perfect moment on XAUUSDT to enter such a trade. Let's break previous highs and accelerate to the upside. We also have confluence with the longer term trend line and a failed quasimodo pattern. The quasimodo pattern gives me insight in the possibility of a large amount of traders sitting in Short positions. Once we move past these previous candle highs they will start to panic or stop loss will get hit. This will create a big move up for gold. I would call this a high probability trade setup.
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✅ Let me help you become profitable long-term.
Patreon -> patreon.com/ChartMuse
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Patreon -> patreon.com/ChartMuse
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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.