Pair : XAUUSD
Analysis : Daily
Strategy : Market Trends
Time Frame : M30
The lower trendline is broken, the price makes a new low or a new support zone.
Time Frame : M15
The potential for the price to rise is very large, it can be seen that the price rejected after entering the nearest support zone.
Summary
I placed a buy order for XAUUSD. I chose to buy because the price broke through the lower trendline, which was then confirmed by the zigzag indicator, which created a new low. I placed my risk at the nearest support zone, or SL 20 pips, with a target of 20 pips.