$XAUUSD #Gold To Breakout or Not - Full Analysis

On higher timeframe Gold XAUUSD is consolidating and is reaching a point of possible breakout. Gold (XAUUSD) has been consolidating and has been trying to breakout of 1828-1830 level bit last week it failed to do that. Now because there is a lot of liquidity above 1830, Gold can try to create a fake breakout to the upside. So make sure you watch this level and also wait for a proper confirmation before taking a huge long position.

In this analysis we are revising higher time frame structure covering all bearish and bullish scenarios.

Trade what you see and ignore any hypes. Stay objective.

Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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