OANDA:XAUUSD   Gold Spot / U.S. Dollar
As our last gold analysis was canceled but price moved accordingly and is still within great R:R, we have decided to re-engage this metal
Price has set itself a beautiful expanding channel pattern with an accompanying ABCDE corrective sequence. As price currently sets on (E), we should see price slump down further
The bear scenario is currently accepted and the bias is confirmed
Price is set to head for the 1197 area, while anything over the 1230.5 level is considered invalid
Nov 25
Trade active
Nov 27
Comment: Seek to move any stops to break-even
Nov 28
Trade closed: stop reached: Closed at break-even, Fed rate hikes expected to pause.
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