649bruno
Long

XAUUSD Update: Good News And Bad News

FX_IDC:XAUUSD   GOLD / US DOLLAR
23 0 3
XAUUSD-the good news is I don't see a big selloff. I stated this in a chart I published yesterday.
The latest Fractal is a bullish Fractal . I placed a box around it.
The three red (down) Fractals after this are not valid as they were within the alligator's jaws.
All three indicators above the chart are positive.
The bad news (if you want to go long) is the consolidation that is underway.
The indicator under the chart is CHOP, and this in telling us that there is no trend in XAUUSD-one way or another.
When the red line is within the shaded area, there is no trending, just range bound trading.

Good luck to you in all your trades. Don.
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