XAUUSD W PATTERN COMPLETION SETUP FOR LONG

2. März 2022

XAAUSD we are waiting for it to retrace to 50% fib zone and it should complete W pattern, which should end in 2033 zone, at the 50% fib zone (1905 zone) it is more risky since it might break trough the bottom and go into a down trend, safe entry should be around 1935 after it breaks a top of retracement to a weekly trend, our stop loss should be below recent higher low which is at 1876 zone also since it's a war in Ukraine, people looking to put their money into assets such as gold to keep value of their currencies, that gives it even more potential to keep rising.