Update two XAUUSD buying scenarios
Scenario 1: The price had an acceptable drop and reached one of the most important support areas, from this area it can start and register a new ATH
Scenario 2: If the price fails to reach a new ATH or sweeps the ceiling and loses the order block under its feet, it has the potential for further correction. The maximum potential drop is up to $2,600. Because the structure of this time is bullish, be careful in buying shorts and consider a reasonable reward.
Important: If the price reaches any of the demand, you can take a long position by getting confirmation in the time frame of 15 minutes.
Scenario 2: If the price fails to reach a new ATH or sweeps the ceiling and loses the order block under its feet, it has the potential for further correction. The maximum potential drop is up to $2,600. Because the structure of this time is bullish, be careful in buying shorts and consider a reasonable reward.
Important: If the price reaches any of the demand, you can take a long position by getting confirmation in the time frame of 15 minutes.
Related publications
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.