Fxprotrader

Gold: Two Potential Scenarios Around A Valid Slope Median Line

FX:XAUUSD   Gold Spot / U.S. Dollar
543 0 15
With slope being pretty valid at this downslope median line set we now see that price has broken below the median line , has retraced back to the median line and has been rejected. I will personally watch for another retracement and at the time it reaches the ml i will start watching for sell setups to complete. In case price breaks above th             ml i will wait for a pullback and watch for buys.
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