Gold Spot / U.S. Dollar
Long

XAUUSD LONG on Order Flow - Follow the smart money!

160
Strong Bullish Signal:
The price significantly grew up and broke out the previous resistance level. The move was on the average volume, but the large positive delta shows that buyers are prevailing the market now. Moreover, there is a strong local uptrend.
Volume Zones:
We need to point out the new volume support level 1844.30 - 1847.80, where the price started growing from.
Sentiment:
This indicator shows that 76% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b09/2105/e4/666227581ab5.png
Consider Long Positions:
We may cogitate long positions after a smooth downward correction of the price, in order to get a more profitable entry point. A stop loss may be placed below the new support level.
Profit Potential:
More than 400 pips.

To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Profiting from Order Flow: How to follow the Institutional Money

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