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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