Gold has been playing ping pong within its current wedge for quite some time now, keep eyes peeled for breakout above current wedge with 1973 as a level that is required to break to currently discredit the Higher Low and Lower High structure, breakout can be to the upside or downside, however with current Asia/USA tension the buying of metals particularly on the...
Price action has yet to be broken to the downside, and regardless next price support (Shown in my previous idea) is relatively close and will provide new opportunity to send XAUUSD to the 1998 Level. My person outlook is a move toward the 1970 area before correcting around 1959, then proceeding to my final target of 1998. At 1998 if momentum is still strong, will...
The bigger picture is bull, breaking PA on 1 minute graphs means nothing in the light of mega returns... Keep stacking, and if you're bored short to hedge and finance your next buy. FOMC coming in wednesday will have a nice effect on the market. Most importantly keep that SL in profit and run on some negative risk;) Enjoy!
