DaSpalla

GOLD is confusing, the only thing one can do is..

FX:XAUUSD   Gold Spot / U.S. Dollar
125 1 1
I have to say this week MA does not work, HNS does not, Stochastic becomes rather unreliable..
One can do best is to trade 'within corridor' of hawkish trend. Using support and resistance line we can determine when to buy or to sell.. but be careful there is Bullish divergence pattern make sure to put stop loss for those who take sell position once the price hits resistance 1260 - 1263.

Trade active: Buy at current price of 1253 (7:00pm at Jakarta GMT+7)
Target 1260
Trade closed: target reached: Target Reached! $$$$$$$$$
Trade active: We are breaking the triangle, now to confirm a breakout one must wait for a candle to close above it.
The usual effect where USD movements always reversal against Gold.
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