The more mania you see, the more calmness you need.
I will NOT buy it if there is no proper retracement...
Never has XAUUSD been away from a support so far like this, which confirms a strong uptrend.
So what we need now is to buy it at support level.
The support I spotted is around 1556, seems a little far away from current level, but I will be patient and keep observing the pattern in the following days.
Please also refer to my former analysis linked below, too.
Thanks and good luck trading!
I will NOT buy it if there is no proper retracement...
Never has XAUUSD been away from a support so far like this, which confirms a strong uptrend.
So what we need now is to buy it at support level.
The support I spotted is around 1556, seems a little far away from current level, but I will be patient and keep observing the pattern in the following days.
Please also refer to my former analysis linked below, too.
Thanks and good luck trading!
