rickyboobii

Gold Trendline Break off Fed News

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
With the news of the fed we should get more dollar strength but I don't expect to break the 1480-1560 range.

I am currently long after getting stopped from the news at 1489 area.
However on second look at my chart this will be a short term long and reverse sell from .618 fib of the Fed move.
We didn't break the critical level so the trend up is still intact but I will long and then reverse short on the test of the trendline.

WIll watch later for further longs at the bottom of the range.




Happy Hunting Happry Trading
BooBii

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