A. Sell if break the red line
SL break-up yellow band
B. Buy if break yellow band and re-test.
SL red line
Chart pattern like this, I bias in sell 70%. but I will do nothing till gold break up or down as above criteria.
If Gold still strong bullish, She should break the yellow line up (as Chart)
Should rebound around the lower yellow line and should not break below the dotted line ( as Chart)
IMO Gold should drop into gray area and I will buy more in that zone
now I will scalping sell around this zone ( 1777 ) and hold short positions till it breaks up or down of the...
$XAUUSD try to end with a Bearish falling wedge pattern
the green zone in charts if gold cannot drop lower than this and can break higher than dotted-line - reversal will work.
TP > 1903
We will see strong support (yellow zone) and red dot channel and red trend line.
Yes, It is a wide range. we must wait and see in the smaller time frame