This one is counter trend trade with ABCD pattern completion in 1190-1205's zone which is the last support, if broken XAUUSD Gold will fall to next support zone.
If the chart is looked in bird's view we can spot Bullish 3 drive pattern getting completion in same zone.
I am not expecting too much of bullish run from this idea bcos Fed meeting is within 15 days, so I will be booking some early profits in XAUUSD and keep partial positions
Happy Trading !
If the chart is looked in bird's view we can spot Bullish 3 drive pattern getting completion in same zone.
I am not expecting too much of bullish run from this idea bcos Fed meeting is within 15 days, so I will be booking some early profits in XAUUSD and keep partial positions
Happy Trading !
So as of now If I didnt get any authentic reason @1190's, I wont enter long in Gold