Looks weird. Maybe there will be an emergency incident. Because you can see. Vega stone have been go down.
Gold correction priced in CAD looks like to be over according to this geometry. Cheers, Keops
To understand the potential move in gold FX_IDC:XAUUSD post-FOMC we need to take a look at this chart of FX_IDC:XAUCAD .
Everybody throws up charts of FX_IDC:XAUUSD , so let's take a look at FX_IDC:XAUCAD . What do you see preFOMC? I see a solid uptrend.
XAUCAD, D chart, valid bullish BAT?
Potential Entry 1710.91 SL 1737.53 Tg1 1653.19 Tg2 1611.04 Notice the behavior of indicators i have used RSI is consolidating around overbought Macd 4c which measure momentum has a defined channel pattern which reassure the probability that price will fall. Trade wit care
It formed a clear and nice rectangle then price broke it and pull backed to test it now it's continuing to move in direction of the breakout.