The XAU/USD has been ranging since 8th of Jan, shown by the rectangle drawn.
I would be waiting for the price to either break above or to break below the rectangle then wait for the retest confirming the possible down / uptrend.
I wouldn't recommend trading this until a breakout of the ranging confirmation.
I would be waiting for the price to either break above or to break below the rectangle then wait for the retest confirming the possible down / uptrend.
I wouldn't recommend trading this until a breakout of the ranging confirmation.