Price just broke out. Buy now or wait?

Price just broke out. Do you jump in now?

Wait. The better entry usually comes a few candles later.

Look at this gold chart. Price kept stalling around 4450.

Then it broke out, and closed well above the line.

Chase it here, and your stop has to sit far below. One pullback hurts.

Here's the key. After a breakout, old resistance can turn into support.

So don't chase. Wait for price to come back and test the level.

Here it is. Gold dipped back to 4451, right on the old line, and held.

That's the entry. Buy when it holds, with your stop just below the level.

And if a candle closes back under the line? The breakout failed. Stay out.

Here, the level held, and gold went on to trade above 4680.

Save this. Breakout? Don't chase. Wait for the retest. Holds, buy with a stop below. Closes back under, stay out.

Your turn. This silver chart just broke out. Buy now, wait for the retest, or skip? Comment below.

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