MDSADI

Looking at Gold based on Chart Patterns

SAXO:XAUUSD   Gold Spot / U.S. Dollar
My bias is down, but i always prefer to trade both sides and re enter at better price. Hence i think, if we get a risk off scenario , a spike on low volume on $1520 would be nice. But be prepared to switch bias if price close above $1520. At this point $1485 is offering strong strong support, so i won't consider anything beyond $1510 a good risk reward ratio. My earlier idea was for head and shoulder , but without a close below $1480 its not a convincing case yet !
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