In D Chart, Gold is making huge bullish flag. And now we just touch down support zone. (Refer to my previous post)
Gold has to close above Red box zone for the week in order to show bullish formation, and break the upper TL to resume 13xx area.
Strategy 1: Short at red box zone if 4H shows bearish formation target green box zone or even lower.
Strategy 2: Long...
Gold chart, re-visited. Its a super long consolidation. Good thing is, it will move explosively either direction. I'm confident either 1350+ or lower 12xx area once it break the range. Bad thing is, we dunno when it will happen. I am as fustrated as you. But we have to wait.
Usually, I don't post my ideas on Monday, but here it is. Price has aggressively moved for correction which has broken rising wedge pattern. It is hard to gauge where gold bounce. It could range from 0.5 to 0.786 area. The only clue is to see candle close.