XAU/USD - BULLISH ENTRY

15 set

When looking at the D1 chart of Gold, the market has broken structure to the upside, creating a new higher high (HH) and validating a new higher low (HL). The market rallied, consolidated, and further rallied. Now, we anticipate the market to retrace into the Consolidation Base, which is the blue zone also known as the order block. We plan to look for buying opportunities between Tuesday, Wednesday, and Thursday during the New York session. SL should be placed below the blue zone and the TP at the high.