pixi

Setup for bullish cypher

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Since the previous release of FOMC and good NFP report, it seems that gold could be, again, under pressure like it was in 2015.

So, until the FED's decision of interest rates (in december), and if economic data are pointing some recovering, prices should go lower.

I will activate this trade idea if price breaks the mid-term TL (see chart)

Cypher pattern with D point in $ 1090/1095 area.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.