So this is December, usually related to China buying Gold
And with this kind of fundamental and breaking news recently, i can see that Gold will jump to the previous High
SL (1435 for investor, 1459 for trader)
Actually this is my second trade in this area, and i consider this not fresh as the first time.
But the bearish divergence is still too attractive.
This will be my roadmap for XAUUSD until end of the month
Buy limit 1468
If, this plan succeed, and doesnt break the trendline before going up, then continue with
Sell limit 1477.1
Next, If you see another rejection after it breach the trendline again , then its time to go Long...
I'm expecting D1 to make morning star after bullish divergence printed on H4 timeframe
You can add more position after the trendline breakout
Buy limit 1457.56