Hello Traders,
I'm excited to share some insights on XAU/USD:
The bearish channel has been successfully broken, and a new bullish trend has emerged.
While the new bullish channel appears relatively narrow, it's important to remember that breaks above or below it may not necessarily indicate a change in trend direction.
Here's our strategy:
Keep a close eye on lower time frames for potential opportunities.
If we observe any breaks above 2041.114 in lower time frames, it validates our zone in the 15-minute chart.
Typically, we exercise caution with 15-minute zones and avoid taking excessive risks. However, if it coincides with the bottom of the bullish channel, we may consider a standard risk approach.
Stay vigilant and trade wisely!
Best regards,
Comment:
enter around the yellow box,
