GOLD XAUUSD BUY TRADE IDEA & ANALYSIS - Updated Analysis

We can see that in the 4H there was an over extended W formation which the market has returned to the neckline where it has bounced right back up again. Once we break the entry and have retested the resistance structure it will reach our target TP.

We are currently in a DD but once it breaks the resistance level we can reenter on the retest before respecting our analysis, though we will still react based on the price action

Comment:

Currently running 100+ pips from entry. You can now wait for the correction then set to BE. :)

Comment:

Currently running at 200+ pips from our entry point.