XAUUSD is Starting to gain it's bullish strength again.
My following setup requires Gold to break clearly above the 2KUSD level.
Make a retest of it's resistance after breaking thru the structure clearly.
I reckon placing a buy limit when XAUUSD has broken thru it's resistance, as a retest will likely occur.
SL can be placed bellow demand zone or below it's lower fib level.
TP at little below it's latest highest resistance as it will be a major selling area.
- David van Delden
My following setup requires Gold to break clearly above the 2KUSD level.
Make a retest of it's resistance after breaking thru the structure clearly.
I reckon placing a buy limit when XAUUSD has broken thru it's resistance, as a retest will likely occur.
SL can be placed bellow demand zone or below it's lower fib level.
TP at little below it's latest highest resistance as it will be a major selling area.
- David van Delden