XAU/USD May 22nd, 2022
Preferred Trade Path: XAUUSD broke out of the downtrend structure and out of the descending trendline. Possible re-test of psychological levels 1850 and 1840's to take long positions on higher low points.
Alternate Trade Path: If prices come down and breaks through psychological level 1830.00 it would be breaking structure to the downside forming a down structure where we would expect a sell off and 1830 acting as resistance.
Alternate Trade Path: If prices come down and breaks through psychological level 1830.00 it would be breaking structure to the downside forming a down structure where we would expect a sell off and 1830 acting as resistance.
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