BUY/LONG ZONE (GREEN): $2186.000 - $2280.000 DO NOT TRADE/DNT ZONE (WHITE): $2155.000 - $2186.000 SELL/SHORT ZONE (RED): $2072.000 - $2155.000
OANDA:XAUUSD had strong bullish momentum after breaking out of a previous range and is currently developing a new range at the top of the newly hit all-time highs. Looking to follow price to a further push up as that would be following momentum and trend direction, but there is also the chance of a breakdown into a bearish trend. There is zones shown for each direction as what I would use as safe entry points.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Trade closed: target reached
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Price has reached the top of the bullish zone, longs should be closed or partially closed around here if active.