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FUNTRADER-Vera
Jul 18, 2017 9:08 AM

XAUUSD: pressure for h1 chart to correction Short

Gold/U.S. DollarFXCM

Description

Traders,

We have a wedge and a channel to follow gold's movement.

Gold is getting close to the end of the wedge, and this pressure is for a correction so far to our concern.

On the other hand, gold can still touch 1241 once before the correction.

Lets see what happen during NY session.

Less is more!

Comment

wedge failed, now on channel abc to see how gold will go.

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checking if gold will go alone with the upside of the channel.

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This 1H channel failed to stop gold moving up.

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Gold is still on its way to touch 1250-1260 zone.

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Comments
popshvt
i think it almost break through.. but dxy should find a support... should buy gold eailier,, usd has fell into a bottomless hole
FUNTRADER-Vera
@popshvt, yeah, thats why now is on the channel.
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