FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
On tf m15 there was a change in trend from bearish to bullish, marked by the presence of choch.
The bullish trend on tf m15 is of course retracement on large tfs such as 4h or daily.
Trade active:
Comment:
Yesterday's setup failed because the price was still impulsively bearish. It doesn't matter.
If you are an aggressive type, you can order a limit on 4h demand or wait for confirmation for the conservative type.
Comment:
Price enters the area, entry if there is confirmation
Comment:
There is no confirmation of entry and the price is still going down strongly.
If the low is broken a b.o.s. will be formed
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