Zyricc

XAU/USD Short? Long? Who cares.

OANDA:XAUUSD   Gold Spot / U.S. Dollar
With all trades there are 3 outcomes.

Price goes up, sideways, or down.

Outcome A
If price breaks through the first level of resistance there is another just above, entering a long on the lower time frames would make sense in this outcome

Outcome B
Price trades sideways so we would do nothing.

Outcome C
Price breaks through the trendline and heads south, enter a short position on the break and close below the trendline.

Or enter on a continuation pattern/pullback.

Only 3 outcomes can occur.

Sit on your hands and wait for something to happen.
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