XAUUSD is insisting on forming BROADENING TOP, the points from 1-4 already formed on the wedge, and the decision to go long or short will depend on point 5. If the price break the wedge up, most likely the price will reach 1450. but if it reverse at point 5, and break the wedge from the bottom, it will go down to 1060. I strongly believe it will turn down after reaching point 5, and will go down to 1060.
Comment:
Forgot to mention, it may reverse before reaching point 5, so you need to watch closely.
Trade active:
It is still going toward point 5, but the volume is decreasing,
Comment:
it is still holding, no return until reaching point 5
Comment:
Yes, I shorted at 1296, with SL 1316, and TP 1200, I think it will be slow down, probably 2-3 months to reach 1200, The risk reward ratio is 5:1, so it need patience, but you never know. Trade with Care and good luck
Comment:
The trade closed at SL.. I was not expecting the Brexit reaction to be that strong, Too bad, but I am shorting again at 1340
