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VoxNexus
Apr 13, 2024 6:58 AM

XAUUSD H1 next setup Long

Gold / U.S. DollarFOREX.com

Description

My one rule of thumb is that if Friday is high then Tuesday will be lower, and if Friday is low then Tuesday will be higher. In this case, if the chart is unable to breakout at H1 ChoCh, then most likely the market will continue the trend (we can do an OP after an inducement is formed at M15). But if not, we can wait for a pullback after the breakout occurs and do OP.
(FYI the candle just hit 61.8 Fib retracement & has the potential to continue the trend *dyor)

Trade closed: target reached

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