XAUUSD back in bull territory

So XAUUSD has been crazy lately, I´m still waiting for a long trend, and let´s see if this is it (Finally LOL).

I profited in the short side of this pair, but now with the FED it´s back in bull territoy. The fib says it respected the 618 retracement fib in the daily TF and let´s see if we can now reach -.27 and -.618 levels.

I´m still not in this trade, I would like to see bullish candles in the red circle or a break to the upside of the downtrendline it has form. Seems that we will have a little red doji in the daily, but not very strong selling pressure, I would expect tomorrow for price being pushed up..

Let´s see what happens. Trade safe traders regards! ;)

Kommentera:

I´m looking at what might be bearish PA in the red circle. No position

Trade safe trader
regards! ;)