NadirForex

XAUUSD Double bottom

Long
NadirForex Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The market has broke through the channel and the price also retested on the previous resistance trend line to form a new support zone as the market respected the new support zone. we can clearly see where the double bottom pattern has formed and now we are waiting to possibly see a new uptrend.
Comment:
Poor analysis, wrong decision to buy when the price bounced from support.
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