dewpoint

Looking for pullback before going long

FX:XAUUSD   Gold Spot / U.S. Dollar
134 3 7
Support at the 1247 to 1237 area. Should hold support on the downward blue line, break below that and then i see it back into the 1217 to 1208 area. Break above 1270 - 1272 then we may see 1300
Still short here, but its is testing the 1247 support line, lets see what happens over the next couple of days, may be best to close the trade off given the easter holidays.
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Did you happen to see the pullback that just happened before the arrows on your chart, and the ascending triangle we got now if you draw that 1270 price line longer back in time?;)
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dewpoint RationalTrader
Thanks NI, i had still been looking for a deeper pull back, will see over the next couple of days where it wants to go, above 1250, then it looks more bullish. Cheers
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