This might be a very strange trade idea after FOMC minute release yesterday. However I prefer long with TP marked in the Chart with SL BE
1252-56 will be the leg bottom
I entered Long @ 1252 with a TP of 1270 as initial target. Waited a little to see where the gold is going to behave this week. The volume not good so far to short gold.
The Harmonic View. Bearish BAT in small Time frame.
A very quick update.. No bullish momentum to hold the long position so far. Probably we should get bulls around 1229. Bat bullish along with 121 bullish pattern. I hedged my Long here and shorted gold towards 1230.
Thank you for your time. I like the chart you shared. I prefer flag rather than inverted head and shoulder. DXY providing kind of resistance now. I think this should help the gold bulls in NY session. Bear momentum is not too strong at present