XAUUSD : Bullish Flag - which side will it breakout ?

FX:XAUUSD   Gold Spot / U.S. Dollar
We got exactly similar rectangular ranging ( bullish flag ) and upper-breakout just a day before now we have one in xauusd             , Lets enter the breakout side though I'm expecting upperside,I won't hesitate to take trade if there is downside breakout.Scroll back the chart to left to take a look at previous trade.
Incase of downside break, 1353's I expect as targets

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Happy Trading !!
Would you set new LONG position at the current level? 1350
+1 Reply
InsiderB fxfxfx
Yes, only if it comes to 1350's zone
I think the news events until !5:30 UK time will decide direction. Thats probably why everything is either ranging or in a channel.
+1 Reply
InsiderB mukkarramali
yea.probably you're right..lets wait n watch..Incase of news events, volatility will affect our trade plans with false breakouts
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