hankchef

Gold wait for direction

FX:XAUUSD   Gold Spot / U.S. Dollar
112 0 3
Forming wedge , looks like waiting for something, next NFP might be..
Comment: FOMC will show direction
Comment: Nice drop down, don't enter shorts if you didn't do it on the wedge. may wait for 1200 level to long it!
Comment: Strong support at 1252 and 1210, two potential long entries
Comment: Probably revert to long around here, stop loss should be wide enough to 1050
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