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2510 XAUUSD Update with two possible ways

FX:XAUUSD   Gold Spot / U.S. Dollar
This would not be a easy one for us this one.
We manually closed our sell order that once was running profit, ending up with -100 pips loss.
This happens.

Back to this chart.
Check the red lines first. The red pressure line extended from highest high is still valid to us . That makes ABCDE wave is still possible for gold to follow to drop . But we need more confirming signals for that kind of sell order.

The green lines there are possible for GOLD to retest the highest high by following a possible CYPHER . Now as you can see, gold has made it back to 1500. This friday would be a good chance to move up more if foundamental or momentum support.

We might not open a new trade this week on gold again after making 100 pips losses. Loss is not what we worry about. The unclear direction or entry to setup a trade is.

GOOD LUCK!!

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