XAUUSD "W" (LWTrading System)

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What we see here is a typical XAUUSD "W" pattern that we trade using the LWTrading system. Since we have reached our retracement area, we are waiting for a BOS (Break of Structure) to open our long position. We aim to reach our profit level with the extension (according to the LWT system) and potentially dip back into the visible demand zone.