Bandarsq
Long

Gold After Rate Hikes

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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.

Comment: Breakout

Comment: IHS breakout

Trade closed: target reached: I took profit here. Good Luck! :)
You aren't holding till 83s?
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Bandarsq eskgroup
@eskgroup, I might long later.
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Well done, Bandar!
Happy New Year and Happy Trade!
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Bandarsq ahussein5
@ahussein5, Happy New Year!
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Nice update!! Thanks for sharing.
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Bandarsq AlphaDreams
@AlphaDreams, Thanks mate.
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@Bandarsq ... I so hope you are right. I have so many longs in Gold. If this happened it may just save my account!!!
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Bandarsq gaptraderhq
@gaptraderhq, Looks promising so far.
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Good job, mate!
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Bandarsq huaweiming007
@huaweiming007, Thanks.
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