TamirHa
Long

Gold - nice bullish pattern

FX:XAUUSD   Gold Spot / U.S. Dollar
here you can see XAUUSD breaking above the neckline of this inverse head and sholders
usd is going weak this last days and after the FED today
targets on chart
Trade closed: target reached: now the question is

can price break 1300???

Comments

No way to break 1296 this time?
Reply
TamirHa phoe68
@phoe68, could be, depends on momentum
this idea is a short term one with a close stop and goal
will do an update if price will break above 1300
Reply
phoe68 TamirHa
@TamirHa, my idea is it has to retest levels between 1150 and 1180 area after touching 1305
Reply
TamirHa phoe68
@phoe68, in my opinion, if price breakes 1200 to the downside it could retest 1125 level
keep an eye on dollar index (DXY) 92 key level for the best forcast
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