XAUUSD breakout XAU/USD SpotFX:XAUUSDborebreakoutas I mentioned for GBPAUD we can approach the price of gold in the same way currently the price is in the middle of the 1h zone we can expect 3 possible scenarios when the price shows its direction towards one of the two zones, be it sell or buy The first scenario is that the price bounces off the zone in that case after bouncing off the zone and engulfing the candle in that direction we can open a position if it bounces off the upper zone and makes a bearish engulfing candle we open a sell and if it bounces off the lower zone and makes a bullish engulfing candle we open a buy in both cases we set the stop loss 100 pips outside the zone The second scenario is that the price makes a false breakout in that case we do not enter the position In the third case we have the option when the price breaks the zone and as long as the candle closes above the zone we can enter a buy above the upper zone or a sell below the lower zone in both cases we set the stop loss 100 pips inside the zone Note regarding closing the trade I recommend using a trailing stop loss which means that when the price goes 50 pips into profit you protect the position and then continue to follow the price with a stop loss that moves the stop loss every 50 pips in the direction of the price movement