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avraamdemetriades
Oct 6, 2023 12:03 AM

XAUUSD Bullish Expansion - Long Long

GoldOANDA

Description

XAUUSD on the lower time frame is indicating a potential expansion move to the upside. I have identified the high and low of the consolidation zone.

Valid if: Awaiting the Bullish Order Block to form, and a retest into the Equilibrium before beginning expansion for buyers.

Invalid if: Failure to form Bullish OB and break of the Consolidation Low.

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Comment

Sell stops triggered and sellers potentially trapped, waiting for bullish OB to form off Equilibrium before the bull run commences.
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