Get started
the_alphafx

XAUUSD BUY after retraction

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
the_alphafx  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
Setup 1: BUY - The overall market direction is bullish on the Daily chart.

Confirmation: Price broke the market structure on H4 by breaking the descending TL. A pullback is expected now to the Fibo 78.6 level and then continuation upwards by creating a new higher low. The overall market direction is bullish.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.