Gold chicken beak here - trade the range

Gold/U.S. DollarFXCM

Description

⋅ May 13, 2016 1:07 PM

- breakout on either side will produce one directional play
- range trade perhaps for now
- watching which side it will break
- dollar index has rooms higher but how much more

Gold XAUUSD

Comments

sugardaddyFED

⋅ May 13, 2016 1:09 PM

The weekly view (ignore the FIb lines) suggest risk reward favour to fade rallies though but nothing is confirm yet