Trading Plan :
If GOLD/XAUUSD breaks the resistance area around 1878 and 1887 price levels then we will look for buys.
We will observe how the price reacts as retest traders are expected to play at this level.
2 Scenarios :
1. It can be either a false breakout and price continuation downward
2. Breakout then pullback and price continuation upward
If GOLD/XAUUSD breaks the resistance area around 1878 and 1887 price levels then we will look for buys.
We will observe how the price reacts as retest traders are expected to play at this level.
2 Scenarios :
1. It can be either a false breakout and price continuation downward
2. Breakout then pullback and price continuation upward