FX:XAUUSD   Gold Spot / U.S. Dollar
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Well, if the trend is really bearish , the corrective structure should be completed, but we do not want anticipate the market, and this afternoon is expected FOMC announcement (RISK EVENT). On the contrary, a daily close above 1.315, would nullify the impulsive movement ( bearish ). Our last setup (Long speculative) was successful (see below) and now we will monitor today's session to understand what might be the next dynamic. For us, it makes no sense to take short position now, only because gold is working a resistance, better to wait for a defined price action.

DAILY WAVES & OUR LAST SETUP
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Thank you very much for your support and trade with care!
Comment:
Comment: Are you flat? Do not worry, if the trend is bearish, the target is far away, and you can always take a position.
Trade with care and thanks for your support!
Comment: Now we need to look at the fundamentals and put aside the technical levels for some session.
Trade with care and stop loss in platform.... always!!!
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Comments

any setup please?
+2 Reply
NICE SETUP.
+2 Reply
Great job!
+1 Reply
I will wait :)
Reply
MARGEO Walentine
@Walentine, i will wait as well any investment ideas for the meantimes?
Reply
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