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ttafa
Nov 2, 2017 1:55 PM

XAU/USD Soon to DECIDE which direction it wants to go. Long

Gold/U.S. DollarFXCM

Description

Big picture, gold is finding itselt trapped in a wedge/triangle. Space is getting tighter and tighter and soon could see a BIG break for a directional move. Will be monitoring this very closely.
Comments
MidoAshraf7
what do you think about gold?
ttafa
@MidoAshraf7, Low at 1260 seems to be holding now, so I am inclined to the upside. However, upside move would find hurdles ahead of proposed USD rate hikes.
MidoAshraf7
@ttafa, thanks bro. good luck to you
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