xauusd (gold)---> two long positions

٢٠ مايو ٢٠٢٣

hello guys...

xauusd is in a bullish trend, why?

• the cup and handle pattern
  
  
• there is an ascending channel and breaking up that once
  
  
• a hunting level on the opposite side (the green area)
  
  
• breaking up the last higher high
  
  

now, what we should do?!

in my opinion, there are two scenarios,

the first one is to get a long position after the price breaking up the handle

the second one is when the price retraces to the green area and then get a long position, it up to you!


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