Gold retested the breakout. Buy or skip? The candle decides
Gold broke out, then came back to the level. Buy the retest or skip it? The candle there decides.
- Real gold 1H: Aug 4 closed above 4,069. On Aug 5 price came back to the level.
- First candle there was small and red: no clear signal, so wait.
- Next candle closed green at 4,082: buy, stop under the recent lows (about 4,060). Gold went past 4,300 on Aug 6.
- Close back inside the old range: skip it. No clear candle: wait.
The real chart used in this lesson
Real XAUUSD 1-hour chart · Aug 3 – Aug 6 · quiz: XAUUSD 1-hour Sep 14 – Sep 16
Quiz at the end: Gold back at the breakout level. Buy, skip, or wait?
Full transcript
Gold broke out, then came back to the level.
Buy the retest or skip it? The candle there decides.
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Real gold, 1-hour chart. August 4, gold closed above 4,069.
On August 5, it came back to that level.
First candle there: small and red. No clear signal. Wait.
Next candle closed green at 4,082, above the level. That's your buy.
Stop under the recent lows, around 4,060.
Gold climbed past 4,300 the next day.
But if a candle closes back inside the old range, skip it. The breakout failed.
Save this. Green close at the level: buy, stop under it. Close back inside: skip. No clear candle: wait.
Your turn. Gold back at the breakout level. Buy, skip, or wait? Comment below.
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