hankchef

Gold wait for direction

hankchef Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
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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