XAUUSD
Dear all,
GOLD has been rejected at his most strongest support area at 1266/1270.
Yesterday bump has projected Gold to hit again his resistance at 1286/1287; Correction in act in the last few hours seems forming a bull flag which could lead Gold to retest 1281 support and consequently project it to hit 1290 neckline (daily H&S) resistance. Elliot Wave counting could support this idea and trend.
Should the prices break this area, Gold is going to visit again 1300$; on the other hand, should the price be rejected, a long fall is on the way: remember in fact the long view is still downtrend.
Let the money talks.
GL you all
***Just a trading idea/opinion, NOT financial reccomendation/advice ***
Trade closed: target reached