XAUUSD: Break-out trades only for lower risks.

Gold is consolidating on the 4H timeframe, which is accurately depicted on the neutral technicals (RSI = 52.765, MACD = 2.520, ADX = 28.648). Such sideways price action is best traded on a breakout approach. If the LH is crossesd, we will buy and target the recent High (TP = 2,220). If the HL 1 or 4H MA100 is crossed under (whatever takes place first), we will sell and target the HL 2 trendline (TP = 2,120).


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