GOLD (XAUUSD): Strong Bullish Signal During the Asian Session

23 Agu

Gold retested a recently broken daily structure resistance that was based
on a previous all-time high yesterday.

During the Asian session today, the price formed a strong intraday bullish confirmation.
Retesting the underlined blue area the price formed a cup & handle pattern
and violated its neckline.

Now we see a nice bullish movement.
It may continue at least till Powell speech later on today.

I did not manage to trade this setup because I was sleeping when it was formed.
But it is a perfect example of a confirmation trading that I teach you and I hope
that those who trade the Asian session managed to recognize this signal.

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