Bullish setup on XAUUSD

Hi Traders,

Here is gold braking out of the descending channel and pouting around the previous supply area.

Here it is, i am anticipating for a straight rebound, provided that XAUUSD, made a successful retest back to the previous demand zone, which also falls at the Fibonacci 61.8% Golden ratio level of,.

And this could ultimately leads to a fast bullish run.

It's advisable to wait for the completion of the retest before going long.

Komentarz:

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