dmitry089234

#GOLD H1. Sell after breakout.

Short
dmitry089234 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Yesterday Fed Chairman Powell ruined my gold forecast, but I will not give up and will continue my work -)

I see a trading range A-A and believe it forms a distribution pattern.

Tomorrow I expect to see Spring or M.SOW action @1760, but at first we have to break the blue trendline.
Trade closed: target reached:
I think the plan has been completed in general. I am confused by only one thing, a new low was formed at the wrong time, which means there is a possibility that the price will try to go down again. The predicted time is quite accurate (but not 100%, of course).

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.