XAUUSD TRADE IDEA 1H
GOLD H1 Trade Setup
→ GOLD recently broke an all time high
→ Currently price is just consolidating and has formed a triangle consolidation pattern
→ With seasonal DXY weakness, we can expect price to move towards the high one more time
✅ How to trade it safely?
→ Wait for candle close/breakout above the triangle trendline resistance
→ Then you can take a BUY trade
→ GOLD recently broke an all time high
→ Currently price is just consolidating and has formed a triangle consolidation pattern
→ With seasonal DXY weakness, we can expect price to move towards the high one more time
✅ How to trade it safely?
→ Wait for candle close/breakout above the triangle trendline resistance
→ Then you can take a BUY trade
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