Anees

Gold... two scenarios

FX:XAUUSD   Gold / U.S. Dollar
195 0 4
It seems like a decision is on its way, with the payroll today, yellow or blue will gold             take?
Anyway the optimum buy/sell levels for the two paths are waiting.
Comment: Stucked there, no deacent break up the red dashed means a sweet more down to 1220s as 1st short target, still some FOMC statments on the way
Comment: Gold is almost there, a pullback or a reverse is expected from the level
Trade active: Long pending @1130 was opened with SL @1120
Trade active: closed 1/4 of the long from @1130 to cover swaps and taking some profit, will add more long only if the price break and stayed above the @1250.

Price may have some resistance breaking the @1220 without an upside impulse, just opened a manuall short hedging order equals half my long position hunting the pullback which may retest the lows @1150-1130 or even lower @1095, with a wide SL@1260

Another short pending order @1242 also equals half my long order from the @1130 level.

Will update the idea later after seeing the price outside the range @1250 and @1150

Good luck
Comment: Blue Scenario to the end
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