For the next couple of weeks we got a great Sell Setup for Gold. I´m exspecting furth down to complete the Triangle Pattern on the Daily Timeframe, before the price will keep going up to complete the WXY on the Weekly chart. Right now we got a nice Impulse + correction on 4H chart so I will place a Sell order to trade the breakout with a TP around the 1200 area. Then I will look for long Setups, but I will update when price completed the Triangle
Comment:
waiting for a correction on lower timeframe to enter the trade
waiting for a correction on lower timeframe to enter the trade
Order cancelled
As you can see on the 4H chart, we got a nice Sell Setup for further downside