JamesZhang

XAU/USD comes to a turning point

FX:XAUUSD   Gold / U.S. Dollar
90 0 2
  • XAU/USD just finished a Wedge structure, and it's now come to a turning point.
Comment: The price has stepped out of wedge structure, and is going to test the previous resistance of 1260.
I opened a long order at 1230 when it broke the structure, and look forward to first target of 1260.
Comment: The price is testing the support of 1212 of Fibo 23.6%.
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