After the NFP, we take profit of the
1200 Long position at 1244.
Now what I see is Gold is forming a Big
Tri-angle, with a potential rally up to the Edge
of the Tri-Angle.
Use the Structure and Fib Level
to help us identify where will the rally ends?
1263.87 is the Critical Price Level
I would be very interested to watch the price action.
Pay attention to the blue as well
1220.50 will be a very good Target
A trend continuation Pattern is targeting 1263 the 0.618 level
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1263.87, Look For Pin Bar or any bearish Pattern!
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The problem is that when one has a loosing sell and price pulls back, one tends to think "Well, I was right after all, it's going down" when it's actually an opportunity to get out.