1. Low test candle stick pattern low rejects 1268.40 support level 2. Low test candle low below 50 EMA, open/close above 50 EMA 3. Price is in pullback mode, forming swing low and likely to break to the upside.
Risk Management: Order Type: Pending Buy Order Risk / Reward: 1 : 2.17+ Stop Zone: 1268.40 Target Area: Until evidence of reversal
Notes: Pending long order is set. If the order is triggered, trade will be active and likely to see new high for XAU/USD between 1300 - 1330.