Looking at the H4 timeframe on XAUUSD Chart you can see the price trading around the SMA200.
The price is trading in a range. A breakout could be a possible trading chance in the breakout direction.
The price is trading in a range. A breakout could be a possible trading chance in the breakout direction.
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Trade idea worked very good. There were lots of movements around the SMA200 in the H4 timeframe in the past. My target was reached, now staying flat and waiting for a new opportunity to trade.