Trader_Joe_Lee

XAUUSD 3 Potential intraday trades

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD consolidated a little bit after a huge move, which is a good sign for an uptrend.
On the other hand, it is at the final stage before making new high, so the daily bearish XYAB is the last reason to be willing to take intraday short.

Generally, I still like the long trades 1&2 more
if the short trade 3 can give a good intraday reversal sign, it's also a worth taking trade!

Let's see how it goes!

Comments

the B of green Bat is not a valid one since it's not even 0.382. You many choose A on Jan. 18 as B for potential Bat.
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@wang6866, I knew though, while my thought about patterns that are not perfectly matching the definition is that, they need better confirmations to trade.
I don't mind trading bad bat with solid reversal sign.
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wang6866 Trader_Joe_Lee
@Trader_Joe_Lee, gotcha! thanks!
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