After breaking out of the structure 6 weeks ago, XAUUSD has gone on to form an ABCD structure with point D terminating at a strong level of support also. As long as the price stays above 1200, upside targets will be 1250 and then 1275. Fundamental news is favouring a stronger Dollar meaning Gold prices will fall and this tells us to trade with extra caution during these times i.e 50% position capacity
Comment: Price is deep in the buy zone...will be monitoring today for an entry
Trade active: Enter with caution...