layman73

layman73

We clicked 1353.5 which was 1.50 away from my 1252 target. We are also very close to channel bottom around 1250 on 4H & will recommend opening longs close to 1250 for target 1267 initially followed by 1285...Good Luck !

layman73

XAU is certainly following the pattern and the target 1252 is it’s mission before any meaningful rebound. Failing at 1252 would open up weekly 200 ma at 1234. Good luck with your trades.

layman73 Updated 

Short trade suggested with SL around 1335 for target of 1312

layman73

Breaking out of the falling wedge may be challenging for XAU at the moment. I do advocate a short term see SL1345 with targets at 1332 & 1317.

layman73 Updated 

Reversal may occur at the pattern low around 1324.