Is #GOLD setting up for another big range trade?
A new analysis suggests $XAUT has entered a fresh trading range, with two potential sell zones near the top and two buy zones near the bottom.
Instead of chasing price in the middle of the range, the idea is to wait for price to reach these key levels and look for confirmation before entering.
If the range continues to hold, the combined swings could offer up to 2,000 pips in trading opportunities. A confirmed breakout above or below the range would likely invalidate the setup and signal the next major trend.
Patience often pays more than forcing trades.
A new analysis suggests $XAUT has entered a fresh trading range, with two potential sell zones near the top and two buy zones near the bottom.
Instead of chasing price in the middle of the range, the idea is to wait for price to reach these key levels and look for confirmation before entering.
If the range continues to hold, the combined swings could offer up to 2,000 pips in trading opportunities. A confirmed breakout above or below the range would likely invalidate the setup and signal the next major trend.
Patience often pays more than forcing trades.