0808 XAUUSD looking up after breaking through trendline
Hello traders,
GOLD seems possible for finish 4h sideways price action by breaking throgh the green trendline inside the channel.
The downtrend channel is still valid so we would only consider selling zone where price test the upper line of the channel for now.
The bottom buying zone seems valid as a support zone that price could not break down to make a new low yet.
So the plan is waiting for a buying signal on lower timeframe chart for 10-15 dollars up.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
GOLD seems possible for finish 4h sideways price action by breaking throgh the green trendline inside the channel.
The downtrend channel is still valid so we would only consider selling zone where price test the upper line of the channel for now.
The bottom buying zone seems valid as a support zone that price could not break down to make a new low yet.
So the plan is waiting for a buying signal on lower timeframe chart for 10-15 dollars up.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
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Tele: t.me/VeraFuntrader
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