Technical Analysis: XAUUSD Longs into 1966.70
Recently had a pattern breakout to the upside. I am expecting price to retrace a little before couniting to the target zones.
With the breakout there was also a shift in market structure so there is a strong chance of a pullback before the push which we have started to see already (see image below)
We will experience some resistance as there is a smart trail above price at the moment so there is still a lot of bearish pressure which is why I would like a strong pullback first.
With the breakout there was also a shift in market structure so there is a strong chance of a pullback before the push which we have started to see already (see image below)
We will experience some resistance as there is a smart trail above price at the moment so there is still a lot of bearish pressure which is why I would like a strong pullback first.
Trade active
Now within area. Taking a small contrarian buy : Trade closed: stop reached
C Nicholas Downie
C Nicholas Downie
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