JasonSong

XAUUSD: is this a false breakout?

JasonSong Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Observe:
1747-1765, is this a real breakout, considering it's only a wick on D chart;
1670-1747, still being a wide ranging pattern

To see the current chart clearly, all we need is to identify the breakout of 1747-1765 being true or false, wait and see...

TIPS:
1. ABOUT PRINCIPLES: TREND/direction > POSITION/level > PATTTERN/signal
2. ABOUT PATIENCE: TRADE LIKE A DROID WHEN THE MARKET IS CLEAR TO YOU, AND LIKE A SNIPER WHEN NOT
3. PLEASE ALSO REFER TO MY FORMER ANALYSISES LINKED BELOW, WHICH ARE ALL RELEVANT TO THE CURRENT MARKET, AND HIT THE "LIKE" BUTTON IF MY ANALYSIS IS HELPFUL TO YOU.

THANKS FOR YOUR SUPPORT AND GOOD LUCK TRADING!
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Comment:
protect the profits of 25dollars.
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