mytrade1602

Key point, down or Up ABCD?

FX:XAUUSD   Gold Spot / U.S. Dollar
71 0 3
Gold             has reached the critical point, down or up? The Down ABCD and Up ABCD both are possible. The triangle is forming. Breakup might mean down, breakdown might mean up. Let's watch the price action around the yellow circle.
Comment: Short at 1216~1218 area, TP 1200.
Comment: Short the pullback, 1214~1215
Trade closed: target reached
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