XAUUSD with idea of PTD

2023年12月5日

A little analysis about Gold Shitcoin so you can have a more comprehensive perspective!

Currently, as I see that Gold in the wide frame has broken out of the trading range and created SOS, this rhythm may return to check some of the LPS left at the bottom to complete the backup and then pull up.

=> My main trend will still be BUY.

So where is the BUY rhythm?

In the H4 frame zoomed out, we can see a Tradingrange leaving us with 2 Buyzones around 1998 and 1980.

With the D1 day candlestick closing like this, I think it's completely possible for gold to return to that area, so we have to consider waiting to see the areas we mentioned!

Wishing you successful trading!!!