Gold Spot / U.S. Dollar
Long
Updated

Strong Demand zone, can gold stand?

227
I am not sure the Fed Monetary Policy Report.
But all we know that the XAU/USD has been beaten.
The current price action from 5 mins chart formed a triangle pattern.
To go LONG, we need to see a breakout from 1244.

Please note Ichimoku indicators parameter changed into 72, 144, 288 for 5 mins chart trading.
Note
Alert ! Gold just touch 1238 !!!

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