The market is heading to a Cypher pattern complition just before the ECB press conference.
After recent improvements in growth and inflation, ECB could express its optimism and shed their dovish feathers.
This scenario accompanied with tomorrow's US jobs data may deter aggressive profit-taking on the dollar today and underpin our plan.
XAUUSD
Entry point : 1200
After recent improvements in growth and inflation, ECB could express its optimism and shed their dovish feathers.
This scenario accompanied with tomorrow's US jobs data may deter aggressive profit-taking on the dollar today and underpin our plan.
XAUUSDEntry point : 1200
Trade closed: target reached
1st Target reached + 240 pips
Gold is on the move
Trade closed: target reached
+400 pips
Trade closed: target reached
+ 600 pips, all 3 targets hit(+240 +400 +600)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.