GOLD: Decision time

FX:XAUUSD   Gold / U.S. Dollar
914 4 35
The commodity is now back at the top of the corrective structure it currently is in, a break above will start another impulse up for the longer term and a bounce would see it back towards the bottom of the structure where we decide again whether to break down again for a deeper correction of the larger degree upside impulse or go back to resume the up trend. Either way it'll give a good opportunities so worth             to watch it closely.
Comment: IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
Comment: looks like we got a bounce
Thanks man, they were twice rejection on 1375 area I hope this is another time as well. Gold is a little early to go above 1390 I think but who know right?
Appreciated your works, Good luck Cheers.
+1 Reply
piphunters Tosharun
thanks for your view, we'll know possibly tomorrow at NFP
+1 Reply
I have a trade opened at 1330 waiting for closure soon. I am expecting 1400 levels before back down to 1280, but of course, just another guess :)
good luck
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