Gold or XAU/USD Can Go Up


How do I know?

This morning when opened up H1 and H4. I discovered that Gold prices can go up! Why?

In H4 timeframe, the Hammer Candlestick Pattern is formed.

In H1 timeframe, the Bullish Engulfing Pattern is also confirmed! Plus the KC indicator has reached the bottom and it is crossing up.

What I need to do is just do nothing and wait for the price action to play out my buy trades. Parked some sell limit orders to short the gold for the coming months in which might be downtrend.

H4

H1

Tips:

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