FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold has formed a double bottom and price has retest the neckline. An impulse move should be expected.

With the formation of the double bottom price has also created a new low, it may be safe to expect price to retrace and test the previous low and possibly meet resistance and continue the bearish trend .
Comment:
Price made a bullish impulse as expected. Due to the U.S election tomorrow, i decided to exit my position, although I still see price making a few more pips to the upside. I just didn't want to be in the market with the U.S looming.

P..S you don't have to get a home run every time, focus on getting base hits.

Comments

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