OANDA:XAUUSD   Gold Spot / U.S. Dollar
so this is a mini over look on a fake out this was interesting as we was moving up we never made any new LL we was still making LH we can see this on the 1HR time frame this is why the higher time frames override the lower as if we went to the 15mins TF we made a new LL
but adding this with a strong area of price and now retesting this as support adding more favour for a buy in this situation if we can spot when a fake out is happening we can bank more profit in the long run as traders we know this happens all the time
if you look at the DXY you can see how deep they can be just be careful
+1 Reply
i would close that trade if your still init buddy its forming a deeper correction best to cut that trade
+2 Reply
I meant my target being 1535! Eek do you think sl will be okay at around 1515
+1 Reply
im seeing more bearish moment Joe this is looking good to move higher but we have broken lower and now retesting the outer trend line as resistance this might drop from here and this overall trade will just be a deeper correction before moving higher bud!
+1 Reply
I have 1535 as my target from 1515
Totally agree
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