XAU/USD update with a new long opportunity to catch 550 pips
- First we can observe a clear divergence on 1H then price already started rising after reaching 1780.300 as the lowest low and also broke our downtrend line.
- We can wait for a full breakout and also for a HH as a confirmation.
- If price formed a HH it will be a great opportunity to wait for a retest at least to 1792.00.
- Candlestick psychology at this price will be the trigger for this trade.
- Last target will be at 1848.00 if price moved as expected.
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- We can wait for a full breakout and also for a HH as a confirmation.
- If price formed a HH it will be a great opportunity to wait for a retest at least to 1792.00.
- Candlestick psychology at this price will be the trigger for this trade.
- Last target will be at 1848.00 if price moved as expected.
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