Alimecht
@t_Alimecht
What symbols does the trader recommend buying?
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Alimecht
XAU is in broad bear channel and currently it is forming what I believe is a bear flag. Based on price behavior a short entry around 2030-2040 is probable. We need to consider that price pulled back to Trading Range (A 100% pullback) and an upside swing is also probable.
Alimecht
This chart shows clearly that we are in a Trading Range, so we need to trade it accordingly until it breaks out of trading range.
Alimecht
XAU is in Trading Range after a swing (Bull Leg) to upside. It has been now for 40 bars in Trading Range (2010$-2060$). It will Break Out of this Trading Range and is going to swing for a Measured Move. Probability of breakout and a swing to upside or downside is now 50/50, so we need to wait for breakout of Trading Range.
Alimecht
XAU is in trading range inside of bear channel. Price is in breakout mode, however price is in bear channel and with a good signal bar we can swing a short position. Possible Sell Zone: 2038-2045
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