XAUUSD short term
3 options for this.
a short position can be taken on a break and close below the 1200 zone which would open up the bottom and create a nice short position for 100-150 pips if not more.
a long can be taken after a break and close above the 1205.5 zone. This would open up the window to retest yesterday high. As well DXY looks to be pulling back up on the daily to create the right shoulder for a H&S.
if price retests and fails to break the 1200 zone you can look to take a long position from there and ride it up as well.
a short position can be taken on a break and close below the 1200 zone which would open up the bottom and create a nice short position for 100-150 pips if not more.
a long can be taken after a break and close above the 1205.5 zone. This would open up the window to retest yesterday high. As well DXY looks to be pulling back up on the daily to create the right shoulder for a H&S.
if price retests and fails to break the 1200 zone you can look to take a long position from there and ride it up as well.
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