Xau ideas and also a technical setup to explain, long

It has come to my attention that gold XAUUSD has taking a short trend during past days, here now is time to recover to 2523.532, i have put point explanation analysis into be viewed. lets focus on the higher low that was made draw the trend line see the correction that was occurred on the charts indicates a potential reversal zone for a few reasons;

#1 On bullish trend the buys are more powerful players
#2 Intersection of 2 support, dynamic and static
#3 Correction to 0.382
#4 Candle has been triggered with an engulf.

Remember to never risk more than what you have planned to lose in a day.

to be safe make it a 1% risk of your profile in order keep your head straight, in order to make lots money we will keep trading and win a portion at a time.

Stay humble, work hard and trade XAUUSD .
Chart PatternsTrend AnalysisWave Analysis

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