Scalp opportunity with XAU/USD

١٣ أبريل ٢٠٢٢

In the picture above, we can see that price broke out a descending channel in an impulsive manner, which strengthens the breakout. Currently i see that price broke above a higher low zone and is still in a correction phase, price could drop to the break out level/area before completing the move higher. Like the GBP/USD setup, buy stops are the order of the day.