As you can see in the picture XAUUSD currently can go for bullish. but it is near the upper band of the channel so it is too risky for entry.
So, we can wait for entrancement to bellow support and if price action and candlestick pattern confirm we can go for buy with lower risk and better risk-reward ratio.
So, we can wait for entrancement to bellow support and if price action and candlestick pattern confirm we can go for buy with lower risk and better risk-reward ratio.