OANDA:XAUUSD   Gold Spot / U.S. Dollar
After price had broke out of the range and created a new target for price to retest, I started planning my entry execution after price had formed support respecting the previous resistance that price broke out from. After support has formed and you want to execute your buys it is important to put your stop loss some where within the range and not below the new support formed because price can easily tap your stop loss and stop you out and then go in your favor later on after your stop loss is already hit.

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