XAUUSD Setup
This is how Gold is looking currently, we were expecting it to sell after it made a third touch on the downward trendline, however we see that it broke the trendline & it is now buying to 2538.72 which is our outer downward trendline.
Gold will be touching that outer trendline & that will be giving us a fourth touch on the 1D timeframe. After the fourth touch we should wait for confirmation and then open sell positions.
Gold will be touching that outer trendline & that will be giving us a fourth touch on the 1D timeframe. After the fourth touch we should wait for confirmation and then open sell positions.
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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.