EagleTrades
Long

Gold approaches broken neckline

FX:XAUUSD   Gold / U.S. Dollar
1413 5 17
I think the bearish wave still has some room to go, for a retest of the broken neckline for the inverse head and shoulders pattern, which is also near the 50 percent retracement for the bullish wave. I will long neat that area.
I am long now
+2 Reply
A good guess.
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In Trade
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Testing your entry area
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Another one we agree on...I'm already long, hard stop at 1193. Below 1222 I'd get a bit nervous though.
Similar chart to audjpy/audusd, both which I'm looking at for a long as well.
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