Regulus9
Short

Rising Wedge on XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar
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297 6
Relief rally may be completing and ready to continue bearish direction. My preferred targets to short is 1216-17 area or higher - around 1220 area. Take profit area as stated on chart but will be modified if momentum picks-up to target Monday's low (1183) which IMO is make or break point to continue further downward pressure on this pair towards 1180 and below..

UPDATE: Manually took profit @ 1207.28. FOMC in an hour so standing aside. Good luck to all!

Comments

Bravo Bravo
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thank you, 360. cheers! :)
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Right on the money, like a boss
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Regulus9 Stockman
thank you and GL!
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amazing analysis for short time. ty for sharing
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Regulus9 samed.karsanbas
thanks for your kind words. GL
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