OANDA:XAUUSD   Gold Spot / U.S. Dollar
hello guys. i shared an idea about the drop of gold sep 21 and it trend on it nicely. but for now i am paying attention to this zone for a buying opportunity use engulfing candle in 4h time frame for confirmation or 1h double bottom. pay attention to price 1810-1820 and 1865 and 1880 for targets
Comment:
the price just form double bottom pattern on the 1h time frame, and it even makes it to break the double bottom resistance @1785 it is safe right now for buying
Comment:
as expected the price make it to the zone of 1810-1820, so you should pay attention for it. though the price has high potential to break it but it may give a pullback before doing so.
Trade closed: target reached
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