Gold, zooming in at the 1H time frame

Gold / 1H

Hello traders, welcome back for another market breakodown.

Gold has been trading inside a channel on the 1H time frame. A high probabilistic setup is to wait for the price to test the breakout point where traders who went long with limit orders get out at breakeven and cover their longs.

Checkout the chart for what I'm waiting for.

Trade safe,
Trader Leo.

Comment:

No confirmation yet for this setup

Comment:

The setup has been activated in the Asian session, make sure to move the stop to Breakeven and pay yourself first.