XAUUSD LONG RANGING TRADE

17. Jan.

I am anticipating a long-ranging trade from the current daily support. When you look at the 1-hour chart, there's a double bottom pattern, and there's a trend line that acts as the vertical resistance for the market on hourly charts. Now, if the double bottom pattern and the trend break upward, we'll take a buy trade.

Entry 2025.80
Stop loss 2013.97
Targets 2041.00 & 2050.0