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FxValkyrie

XAUUSD is currently side way, wait for a big catch

Gold Spot / U.S. Dollar (FX:XAUUSD)  
FxValkyrie  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis sideway breakout
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trendanalysis chartpattern waveanalysis sideway breakout
Like DXY and EURUSD, XAUUSD is currently in a triangle side way range. Should stay out of gold now and wait for a strong breakout indicating the next move of gold.
There are 2 direction:
- If gold break above resistance level - previous Lower High (level 1290) then looking for long opportunity
- If gold break below resistance level - previous Lower Low (level 1266) then looking for short opportunity

Right now, the advise is staying out and wait for the big catch

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