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Bandarsq

Gold After Rate Hikes

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Bandarsq Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Gold XAU XAG USD ( Silver / US Dollar)
79
29
xauusd gold xau xagusd
In this idea I have compared Gold's reactions after rate hikes in December 2015 and 2016. They share a similar pattern, symmetrical triangle.

Happy New Year!
Comment:
On 4hr time frame, RSI broke out.

snapshot
Comment:
Breakout

snapshot
Comment:
IHS breakout

snapshot
Trade closed: target reached:
I took profit here. Good Luck! :)
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