Inital consensus as posted earlier was XAUUSD will retest and price will fall short, however price did not follow my entry requirements so I did not enter the short position.
Now price has broken the previous resistance zone and is consolidating sideways above it.
How I will be entering:
- I will be waiting for a candlestick that wicks down to the current zone that it just broke which will indicate a retest and rejection of that zone.
- I will then wait for a nice bodied bullish candle to confirm the upwards move and will enter at the close of that candle.