There will be a harvest of profit in this pair, though slow, patience pay. Enter into it, go to sleep. We can see a Shooting star on the daily time frame, which will give us a push down. We can see a flag pattern showing up in the 4h timeframe, showing us breakout for those who trade breakout. On the 1h timeframe, you can wait to close and open below the 200...
It would be terrific trading this because its slow for now, looking at the trendline and the C leg of the Fibo being formed, it will be good to add up in this signal, i mean start with a little lot size, as it goes down, increase your lot size at every support you encounter, you can hold it till next week, at least for 5-10 day depending on the daily movement.
looking from the trend line once price closes on downward after the trend line, we can sell looking at a target of 150 pips or more.
Looking at the chart, the trend line has being broken in the H4 timeframe, if you go to the 15mins timeframe, their is a downward movement already, we can enter, and put our take profit at 2.0608, but you have to be patience.
From the chart we are expecting an upward movement having broken the trend line,both on the H1, H2, H4 timeframe we should be expecting a 100 pips movement today.
This is my idea of where gold will be in after the release of today's news, and also next week. I believe we should be expecting a 1700 target next week, looking at the expectation of the churches and business opening according to US President statement.