After a third consecutive bounce at the 52.5 dollar mark, there are indications of a correction back up to the 55.0. I would suggest sell half at 55 and keep half for 58.0 dollars.
SL underneath previous lows to prevent it running
There has been 3 tops at 1550, on this third top their is a big deflection which indicates another deflection, as a result i expect a drop back down to previous levels, stop loss just above at 1554 to prevent it running, a good sell. I have put TP1, TP2 and TP3 to indicate where it should drop too, all take profits result in a good profits.
AS WE CAN SEE we are coming up to a major support in both a 15 minute time frame and a 4 hour time frame, very big win with minimal losses, stop loss just below previous low and we could see a rise to 1.47800
After 3 consecutive bounces of the same point, we are looking for a return to previous resistance level, Just following the consistent pattern, stop loss tight below previous 3 bounces. High reward to risk.
XAUUSD had a long bullish run but not being able to breach the 1440 mark is a indication for a potential drop. Following 3 point pattern trend it will drop down to at least 1395 for a nice profit, those wanting higher returns can be patient and wait for a drop to 1360 mark. Stop loss just above previous highs to prevent gold running higher.
Following a bullish trend, there has been a correction to a important support line in which it bounced off, looking for a following of bullish movement. A tight stop loss just to be sure it doesn't run the other way, if it passes 107.500 it will be bearish.