Mid-Term View on XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar
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Recent FED Meeting was a good Samaritan for this pair and may have rendered 1185 area as double bottom for now. IMHO, price may take its time travelling the channel. I would be watching the blue lines being breached for further upward move and confirm bullishness on this pair hence, may buy and hold. Price may also pierce thru resistance levels as USD is taking a beating from latest FED's dovish tone. On shorter tfs', this can also be a scalper's haven playing the short side as long as price is within lower tl.

As always, No Recommendation but only sharing what I see on my charts and how I plan/take my trades.

Have a great Trading Day!
thanks for this post
Regulus9 manijeh.kazemi.33
you're welcome and thanks for following.hope you are also getting your piece of the pie from my analysis. happy trading!
+1 Reply
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