Gold... two scenarios

FX:XAUUSD   Gold / U.S. Dollar
194 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
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out