XAU/USD Long
📊 XAU/USD Trade Idea 💡
Price has made a significant downward move within the current trend channel, reaching an important liquidity zone below. This zone could act as a support, with a high probability of a price reversal from this area.
My observation:
1.If the price bounces from this red zone, we can expect a strong impulsive upward move, potentially reaching the previous resistance level.
2.I'm looking for an entry point for a potential bullish move after receiving a confirmation signal of a reversal.
Risk management and having a solid trading plan are crucial! Make sure to conduct your own analysis and trade cautiously in the market.
Price has made a significant downward move within the current trend channel, reaching an important liquidity zone below. This zone could act as a support, with a high probability of a price reversal from this area.
My observation:
1.If the price bounces from this red zone, we can expect a strong impulsive upward move, potentially reaching the previous resistance level.
2.I'm looking for an entry point for a potential bullish move after receiving a confirmation signal of a reversal.
Risk management and having a solid trading plan are crucial! Make sure to conduct your own analysis and trade cautiously in the market.
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