If you follow me you know I bought the gold but I moved my stops when the trade was going for me and got stopped out fast actually so I placed XAUUSD on my watchlist to see what it's doing my technical analysis says that I should short now because of the rising wedge on the big picture and a smaller pennant on the 30min chart
the rising wedge has had broken out with retracement that formed an pennant indicating that price could move downward an bounce of the key level close at 1200.00 because it's and psychological level and expect rising volatility when CPI number come out and intrest rate desision
the rising wedge has had broken out with retracement that formed an pennant indicating that price could move downward an bounce of the key level close at 1200.00 because it's and psychological level and expect rising volatility when CPI number come out and intrest rate desision
Trade closed: stop reached:
My mistake was ignoring the major events that would happen in future in this case the intrest rate desision
