TheSignalyst

GOLD waiting for high probability setups to form

OANDA:XAUUSD   黃金現貨 / 美元
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on H4: GOLD is overall bearish trading inside this big brown trendline.

However, it is currently sitting in the middle of nowhere.

So we will be waiting for GOLD to approach the upper brown trendline and blue resistance 1900.0 in blue to look for trend-following sell setups on lower timeframes (M30 and H1)

OR

we will be waiting for GOLD to approach the lower brown trendline and green support 1800.0 in green to look for buy setups on lower timeframes (M30 and H1)

Good luck!

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