1405 XAUUSD Update after breaking through the blue line
XAUUSD just broke the blue trend line on this Monday.
Right now its not a good idea to open a position to long gold because on 4h chart, price just hit the first red wave' extension Fibonacci 1.618 where price could drop down for a correction.
Assuming price is heading up to make a new high like 1320-1340, it should correct for a higher low before making that happen.
So lets sit and wait.
LESS IS MORE!
Right now its not a good idea to open a position to long gold because on 4h chart, price just hit the first red wave' extension Fibonacci 1.618 where price could drop down for a correction.
Assuming price is heading up to make a new high like 1320-1340, it should correct for a higher low before making that happen.
So lets sit and wait.
LESS IS MORE!
