Gold Spot / U.S. Dollar

XAU/USD Update

Updated

The trendline could be the best buy entry or will sell heavily if it's a breakout and close below the trendline. Currently waiting for the data and NY open.

Catalyst: US Jobless claims

Note

US Jobless claims 5245K

Note

Nice double top on H4

snapshot

Trade active

So far so good!

snapshot

Note

So far it looks like a false breakout, but let's see where this H4 candle will close at.

snapshot

Trade closed: target reached

Will re-enter the trade later at better rates

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