FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Price is in a range on the 4H. To play the range: buy the bottoms and targets the tops and sell the tops and target the bottoms. Do not target higher or lower than the consolidation range until it breaks. When price breaks wait for a retest/ HL/LH to enter for a longer term and bigger targets. This is much safer then trying to call the breakout and end up getting stopped because of a false breakout.

Hope this analysis helped!!

Dont forget to like and follow! :)

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.