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12.26 Gold Trend Trading Strategy 🎈Currently, spot gold is trading sideways at a high level, and the current price is 2617 US dollars/ounce. The support and pressure levels are high selling short and low buying long. The pressure level is 2633 and the support level is 2600. On Monday, gold opened at a low level in the Asian morning, and tested the support of the 2608 area. On Tuesday, it opened again in the 2613 area, indicating that the support below is strong. The support area is still bullish. Focus on the upper 2626 and 2633 points. The retracement is also expected. Without the retracement, the bulls can't go far. Due to the Christmas holiday, the bulls have no strength during the day and return to the range of shocks.🔴 🎈There are two scenarios for tomorrow's opening: The first scenario is that the Asian morning session directly jumps up and opens above 2620, and then rises sharply in the morning session, breaking through 2626 and then trading sideways in the 2633 area. The European session exerts force again, directly breaking through 2633, and continues to rise to 2642. After the US session retests around 2633, the bulls exert force three times to directly probe above 2650. In terms of operation, hold the long orders in hand, break through 2626 and 2633 tomorrow and continue to go long. The first time it touches 2642, go short, and look at 2635-33. The US session retests around 2633 and directly goes long again, looking above 2650!🔴 🎈In the second case, the Asian market opened at a normal high in early trading. After a small retest of the 2613 area in the morning, it rose directly to the 2642 area in the early trading. The European market fluctuated and consolidated above 2633. The bulls in the US market made a second effort and broke through the 2650 area again.🔴 🎈Gold strategy: Go long when gold retests near 2613, target 2642, 2650, 2664; go short if 2642, 2650, 2664 are given for the first time; go long in batches if 2610, 2607, 2601 are given; more real-time layout is subject to the actual market;🔴 🎈The difference between these two situations is whether it opens with a gap or opens at a normal high, which determines the strength of the bulls and how far they can go. If it opens with a gap, the strength of the bulls basically stops at the 2650 area, and if it opens at a normal high, the expected limit of the bulls can be seen in the 2670 area!🔴
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
GOLD → A chance for growth or a trap?FX:XAUUSD continues to give hope to the bulls, trading inside a local rising channel resembling a flag on the background of a local bearish trend. Further upside for the gold price may remain limited as the US dollar remains underpinned by the Fed's hawkishness. This begs the question: what will happen to rates? Hold or rise? It is worth understanding that the rise in inflation expectations against the backdrop of Trump's protectionist policy requires an increase in interest rates. In addition, statistically, the dollar enjoys interest towards the end of the year, and because of the Christmas holidays Technically, I am still skeptical about a possible strong growth, as the fundamental background is weak. Technically, the price may bounce from any nearby strong level. Resistance levels: 2633, 2650 Support levels: sma, 2606 We may not expect strong moves at the end of the year, the market is already celebrating the end of 2024. But the probability is there. Emphasis on the nearest strong levels from which the fall may resume Regards R. Linda! Happy Holidays to all and a productive new year 2025!
FX:XAUUSDShort
by RLinda
12
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,626.558. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,600.886 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD tries to recover after the holidayOn this trading day, gold traders OANDA:XAUUSD will need to focus on data on initial jobless claims in the US, which could have an impact on market trends in the short term. The seasonally adjusted number of Americans filing for unemployment benefits for the week of December 21 will be released today (Thursday) and is expected to be 224,000. Data released last week showed initial jobless claims in the United States fell from 242,000 to 220,000 in the week ended December 14, below expectations of 230,000, showing signs that the labor market movement is still steady. If the latest initial unemployment claims turn out to be lower than expected, this will have a positive impact on the US Dollar and a negative impact on the price of gold and major non-US currencies. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has recovered from the technical level of $2,613, but the recovery is still limited by the upper edge of the price channel, along with the nearest resistance level noted at the 0.618 Fibonacci retracement point. % and EMA21. Considering the current price position, gold still has a technical outlook of falling in price with the main trend being noticed by the price channel. On the other hand, the Relative Strength Index has not yet surpassed the 50 level, the 50 level is considered resistance/support depending on the position of the RSI and on the current daily chart it is considered a resistance. In the short term, if gold falls below the technical level of $2,613 it will have room to fall a bit further with a target level then around $2,600 and more to the $2,592 price point of the 0.786% Fibonacci retracement. . As long as gold does not break above the price channel, with price activity stabilizing above the EMA21, it remains biased to the downside, with notable levels listed below. Along with that, using POC Volume Profile, at 2,646USD there is also a large trading volume, this position should also be considered a technical resistance. Support: 2,613 – 2,600 – 2,592USD Resistance: 2,634 – 2,646USD SELL XAUUSD PRICE 2651 - 2649⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2644 ↨ →Take Profit 2 2639 BUY XAUUSD PRICE 2589 - 2591⚡️ ↠↠ Stoploss 2585 →Take Profit 1 2596 ↨ →Take Profit 2 2601
OANDA:XAUUSD
by Xayah_trading
World gold price increased slightlyLooking ahead to gold prices, John LaForge, head of physical asset strategy at Wells Fargo, said during his bank's annual outlook webinar that he won't be paying much attention to the Federal Reserve in 2025. Economists at the bank expect the U.S. central bank to cut interest rates only once next year. He also pays more attention to central bank demand than the opportunity cost of real yields, said the macro investment strategist at Tanglewood Total Wealth Management. Analysts are also paying attention to emerging market consumer demand. In early 2024, gold prices were boosted by record central bank purchases and unprecedented demand from Asian consumers and investors, primarily China. World gold prices increased slightly as the USD decreased. Recorded at 9:35 a.m. on December 26, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 107.940 points (down 0.08%). According to the World Gold Council (WGC), central banks' demand for gold has reached its highest level in more than ten years. This is a clear demonstration of gold's solid position as a safe haven asset, especially when the global geopolitical and economic situation continues to be unstable. At the same time, loose monetary policies and a slower pace of interest rate hikes from central banks have also contributed to creating positive momentum for gold prices. 🔥 OANDA:XAUUSD SELL 2631 - 2629🔥 💵 TP1: 2620 💵 TP2: 2610 💵 TP3: OPEN 🚫 SL: 2638
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD → One final step remains before a drop. The target is 2587.Hello, dear friends! Let’s discuss and strategize today's gold trading opportunities with Ben! As predicted yesterday, gold prices dropped to $2,608, delivering a profit of approximately 200 pips. This decline was driven by pressure from Wall Street’s underperformance, which bolstered the strength of the US Dollar and Treasury yields. Investors are now eagerly awaiting clearer signals about the Federal Reserve’s monetary policy for 2025. In reaction to these developments, the US Dollar Index rose by 0.4%, hovering near its highest level in over two years. This diminished gold's appeal for holders of other currencies. Additionally, the yield on 10-year US Treasury bonds increased, adding further weight to gold prices. Looking ahead, the market remains focused on the outcomes of last week's Federal Open Market Committee (FOMC) meeting. A more gradual rate hike trajectory for 2025 is currently under discussion, with speculation that the Federal Reserve may pause interest rate changes in January or March. From a theoretical perspective, in the face of a strong US Dollar, gold has limited upside potential. If sellers maintain resistance below $2,620 and push to break the support level, the pair could target $2,587 in the medium term. Best regards, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
Gold is Ready to PUMP Again!!!As expected, Gold ( OANDA:XAUUSD ) hit the Targets I identified last week and started falling again . Gold is moving near the Heavy Support zone($2,605-$2,584) , Potential Reversal Zone(PRZ) , and Support lines . According to Elliott's wave theory , Gold appears to form an Expanding Flat (ABC/3-3-5) . I expect Gold to rise again from the Potential Reversal Zone(PRZ) . ⚠️Note: If Gold breaks the lower line of the ascending channel, it will likely lose the Heavy Support zone($2,605-$2,584).⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
30
GOLD - Price can break support level and continue to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price reached resistance line and then at once declined to support line, after which started to grow. A short time later, Gold rose to $2685 level, broke it, and then rose to resistance line one more time. After this movement, price turned around and started to decline inside falling channel, where it broke support line with $2685 level. Gold continued to fall, but later it reached resistance line, after which made downward impulse. Price broke $2615 level and fell to support line of channel, after which bounced up, exiting from channel. Now it trades close $2615 level and possible that Gold can little grow and then fall to $2570, breaking support level again. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
8
HelenP. I Gold can correct to support level and then start growHi folks today I'm prepared for you Gold analytics. After looking at the chart, we can see how the price rebounded from the support level and started to grow to the resistance level, which coincided with the resistance zone. When the price reached this level, it broke it and then continued to move up to the trend line. After Gold reached the trend line, it turned around and started to decline inside the triangle pattern, where it soon broke the resistance level one more time. Next, the price tried to back up but failed and fell until to 2536 points, breaking the support level too, after which it quickly rose higher level, and broke this level again. After this movement, price rose to the resistance zone, after which at once rebounded down and some traded almost near the 2605 support level. Some time later price rose to the resistance zone again, where it reached the trend line and then dropped to the support zone. Recently price rebounded from this area and started to trades near the support level. So, I think that XAUUSD will fall to the support level and then start to grow inside the triangle. That's why I set my goal at 2660 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
1
GOLD → A reversal pattern for a further fallFX:XAUUSD is consolidating below the key point - 2620. Against the backdrop of a strong and growing dollar, gold has a chance to test local lows Gold price gains are likely to remain subdued as the US dollar continues to be supported by the hawkishness of the Federal Reserve at its December meeting. Trump's protectionist policies are fueling inflation expectations, setting the stage for higher interest rates. In addition, amid Christmas holidays and reduced trading volumes, market participants are inclined to maintain positions in the US currency. Thus, gold is still seen as an attractive instrument to sell in case of attempts of its recovery, except for cases of sudden geopolitical aggravations, for example, in the regions of the Middle East or Eastern Europe. Resistance levels: 2620 - 2622, 2633 Support levels: 2606, 2590 Emphasis on 2622. If the bears keep the price below this zone, it is worth looking at local support levels, as a breakdown of these levels will only strengthen the fall to 2600-2560. Regards R. Linda!
FX:XAUUSD
by RLinda
10
12.24 Gold operation and market trend guidance 🎈Gold did not continue the previous rebound trend yesterday, and did not continue to rise. It rebounded and fell as we expected. It began to retreat after touching 2633, and stopped correcting after touching the lowest level of 2607 in the US market. It rebounded again in the Asian morning session and retreated after touching 2621 in the European session. It was also affected by holidays. The short-term volatility was also relatively cold, and there was no great willingness to break through. In addition, the market will be closed for Christmas tomorrow, so today's volatility may not be very large. Although the current daily line is still above the 5-day line, yesterday's negative line retreat also increased the market's short-selling enthusiasm. It is very likely to continue to retreat under pressure in the short term.🔴 🎈Judging from the 4-hour analysis, the key support below is the 2600 integer mark. If you step back to test the low and stabilize this position during the day, you can go long first and then see the rebound. The short-term pressure above is focused on the vicinity of 2633-2638. Overall, rely on this range to maintain high short positions and low low positions. , the main tone of cyclical participation remains unchanged, cautiously pursue orders in the middle position, and wait patiently for key points to enter the market.🔴 Gold operation strategy: 1. Short sell gold when it rebounds to 2638-2642, stop loss at 2651, target at 2588-2593; 2. Buy gold when it falls back to 2586-2593, stop loss at 2575, target at 2630-35;
FOREXCOM:XAUUSD
by Caesar_Gorman01
12.24 Gold operation and market trend guidance 🎈Gold did not continue the previous rebound trend yesterday, and did not continue to rise. It rebounded and fell as we expected. It began to retreat after touching 2633, and stopped correcting after touching the lowest level of 2607 in the US market. It rebounded again in the Asian morning session and retreated after touching 2621 in the European session. It was also affected by holidays. The short-term volatility was also relatively cold, and there was no great willingness to break through. In addition, the market will be closed for Christmas tomorrow, so today's volatility may not be very large. Although the current daily line is still above the 5-day line, yesterday's negative line retreat also increased the market's short-selling enthusiasm. It is very likely to continue to retreat under pressure in the short term.🔴 🎈Judging from the 4-hour analysis, the key support below is the 2600 integer mark. If you step back to test the low and stabilize this position during the day, you can go long first and then see the rebound. The short-term pressure above is focused on the vicinity of 2633-2638. Overall, rely on this range to maintain high short positions and low low positions. , the main tone of cyclical participation remains unchanged, cautiously pursue orders in the middle position, and wait patiently for key points to enter the market.🔴 Gold operation strategy: 1. Short sell gold when it rebounds to 2638-2642, stop loss at 2651, target at 2588-2593; 2. Buy gold when it falls back to 2586-2593, stop loss at 2575, target at 2630-35;
FOREXCOM:XAUUSD
by Caesar_Gorman01
Year 2025 and Beyond: Where to Place Your Bets?S&P 500: US indices may continue their upward trend until the first quarter of 2025. The ultimate target appears to be above 6300, where they may peak and begin a significant correction. A global stock sell-off could potentially trigger a stock market crash similar to that of 2008. India's Nifty 50: India's Nifty 50 may find support around the 23,000–22,700 range and resume its upward movement in the final fifth wave, targeting a peak near 29,000. The Nifty 50 is likely to follow a trend similar to the S&P 500. The bullish cycle that began in 2009 is expected to conclude near the 29,000 level. Subsequently, a significant sell-off in Indian indices could trigger a major bear market, potentially erasing up to 50% of market capitalization from its peak. Gold: Gold may continue its consolidation for another month or two. A final surge toward the $3,000–$3,100 range is expected to mark the end of the rally that began in December 2015 at the $1,050 level. However, the bear market in equities is unlikely to spare even the perceived safe haven, leading to a pullback in gold prices as well. Brent Crude: Since March 2020, Brent crude experienced a remarkable rise, surging from $15 per barrel to $139 per barrel by March 2022. Over the past 33 months, it has already corrected by more than 47%. Brent crude is still expected to decline further, potentially reaching $50 per barrel within the next 3 to 6 months. However, the current inflationary trend could drive Brent prices beyond $160 per barrel later in 2025, before eventually succumbing to a deflationary trend that may persist for several years. US Dollar Index: The US Dollar Index peaked at around 114 in September 2022. Since then, it declined to 100 by July 2023 before starting to rise again in a corrective A-B-C pattern, forming part of a larger (A)-(B)-(C) decline. The Wave C of (B) is expected to conclude near 109, followed by another decline toward 98 by the first half of 2025. However, a renewed bullish trend in the US Dollar Index could reinforce the "Cash is King" narrative during a global equity market downturn. USD/INR: The bullish trend in USD/INR, which began in January 2008 at the 39 level, has seen the Indian Rupee weaken by over 60% against the US Dollar over the past 17 years. In the short term, USD/INR may peak around 86. However, the Rupee is likely to weaken further, reaching 90 against the US Dollar by the second quarter of 2025. US Govt. 10 years bond yield: The long-term yield on U.S. Government 10-year bond's yield indicates rising interest rates for this decade. In the short term, the yield may ease to 3%-2.6% by the second quarter of 2025. However, fears of a U.S. Government default could push the yield to 10% or higher over the next couple of years. The "Bond Ghost," along with a global equity rout, may haunt investors again in 2025-2026. Bitcoin (BTC): Bitcoin's bullish trend may continue until the first quarter of 2025, albeit at a slower pace. BTC still has the potential to reach around $115k-$120k, concluding the bullish run that began in November 2022 from the level of $15,500. Over the past decade and a half, BTC has significantly outpaced any other asset class globally. However, global risk aversion, which may start with an initial global equity market sell-off, could pause Bitcoin's bullish journey for the rest of 2025. Before the end of 2025, BTC might lose up to 50% of its value from its peak. In the longer run, however, BTC has the potential to become the most valuable asset class globally, even after experiencing a 50% erosion in its value.
SP:SPX
by BISHNU_P_BASYAL
Potential bearish drop?XAU/USD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 2,627.88 Why we like it: There is a pullback resistance level. Stop loss: 2,655.19 Why we like it: There is a pullback resistance level. Take profit: 2,585.75 Why we like it: There is a pullback sup [port level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
XAUUSD: Bullish trend intact. Cycle target 3,100Gold may just be neutral on its 1D technical outlook (RSI = 45.126, MACD = -15.410, ADX = 31.343) due to the December's consolidation but on the 1M timeframe the Channel Up is very much intact and is immitating that of 2019 so far. Basically since late 2020, Gold has been replicating the post-2016 Cycle, which started with a 3 year accumulation period that led to the 2019-2020 Channel Up. This topped on the 3.0 Fibonacci extension. This is enough for us to keep us bullish (TP = 3,100). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Markets ranging sideways today before Christmas and our plan of action remains the same with our levels and targets still valid for the week for the days that are open. We continue to play between both weighted levels, 2629 Goldturn resistance and 2600 Goldturn support and will need ema5 cross and lock on either Goldturn to confirm determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2629 - DONE EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET 2655 EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET 2726 BEARISH TARGETS 2600 EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET 2561 EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE SWING RANGE 2518 - 2486 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
Gold (XAU/USD) Consolidating Within Symmetrical TriangleChart Analysis: Gold is trading within a symmetrical triangle pattern, reflecting a phase of consolidation as price tightens between converging trendlines. The current price of $2,611.97 is near the middle of the range, with both upward and downward breakouts possible. 1️⃣ Symmetrical Triangle: Price action is consolidating within the converging trendlines. A breakout above the upper boundary ($2,650) or below the lower boundary ($2,570) would provide the next directional clue. 2️⃣ Moving Averages: 50-day SMA (blue): Positioned at $2,667.53, acting as a dynamic resistance just above the triangle. 200-day SMA (red): Positioned at $2,477.51, providing long-term support well below current price levels. 3️⃣ Momentum Indicators: RSI: At 44.34, trending slightly bearish but still neutral, indicating room for further movement in either direction. MACD: Negative but flattening, signaling waning bearish momentum during consolidation. What to Watch: A breakout above the upper boundary of the triangle and the 50-day SMA could signal a bullish continuation, targeting prior highs near $2,750. A breakdown below the lower boundary may lead to further declines toward the 200-day SMA near $2,477. Gold is at a pivotal point, consolidating within a symmetrical triangle. A breakout in either direction will likely determine the next major move. -MW
FOREXCOM:XAUUSD
by FOREXcom
SPY/QQQ Plan Your Trade For 12/24/2024 : Rally111Please pay attention to this video. Today, I share some vital data related to how I plan on helping all of you become better traders in 2025 and what you need to do to try to improve your own trading results. Trading is not gambling. It is not about throwing money at trends and hoping to catch a few winners. Trading is about trying to time market trends when the best opportunities are ready for profits - then getting out of those opportunities as profits start to mature. Trading is about honing your skills to be able to target 35% to 55% or more every 15 to 25+ days. If you can do that efficiently every 15 to 25+ days, then you are SET. You can turn $1000 into more than $300k in less than a year trading like that. Then, you can turn that $300k into more than $10 million in another year. Can you imagine that happening to you and your family? It is all about having the right tools, gaining proper knowledge and experience, and putting that to practice/use. And that is what I've been trying to teach you for the past 6+ months - the knowledge and skills to be able to see/time the biggest market moves. I know many of you have followed me for many months. I appreciate all of you. Now, as we close out 2024, let's make a commitment to really focus on gaining the success we desire for ourselves and our families so we can enjoy 2025 as a better year. I challenge all of you to a straightforward goal: Learn, Practice, Gain experience, and Execute better trades so you can grow your accounts and move into the "Trader Life" you have always desired. Trade 2-4 times a day (when opportunity strikes) and try to grow your account by 35 to 55% every 15 to 25 days. That's all it takes. Are you ready? Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
XAUUSD on the way to 2900 Price LevelThe currency pair in focus is XAU/USD, representing the exchange rate between gold (XAU) and the US Dollar (USD). The current price of XAU/USD is 2611, meaning one ounce of gold is valued at 2611 US Dollars. The target price is 2900, indicating a projected increase in gold's value to 2900 USD per ounce. The expected gain is 2000 pips, with each pip representing a small price movement in the currency pair. The pattern being observed is a Symmetrical Triangle, a chart formation that indicates a period of consolidation. In this pattern, the price moves between converging trendlines, suggesting that the market is uncertain and waiting for a breakout. A breakout occurs when the price breaks above the upper trendline or below the lower trendline, signaling a strong price movement. Traders are watching for this breakout, as it could push the price toward the target of 2900. The symmetrical triangle pattern typically leads to a significant price movement once the breakout occurs, making it a key technical indicator. This setup is used by traders to anticipate the direction of the next major move in the market.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery