XAU/USD WEDGE BREAKOUT THEN PULLBACK YEARLY TRADITIONAL MOVE
Hello all,
Based on my prior experience we usually had a December rally in each year, when gold went to stong bullish momentum. I am planning to get to this ride with a short position, but ultimately I would like to short it back from the 1870$ level. That 1870$ level was also a key point during this year bull run, so a healthy pullback from it would be useful in the long run, considering that we could enter into a strong bull cycle in the upcoming future.
Based on my prior experience we usually had a December rally in each year, when gold went to stong bullish momentum. I am planning to get to this ride with a short position, but ultimately I would like to short it back from the 1870$ level. That 1870$ level was also a key point during this year bull run, so a healthy pullback from it would be useful in the long run, considering that we could enter into a strong bull cycle in the upcoming future.
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So far its a brutal rejection of the breakout. STOPPED OUT MY EARLY LONG POSITION
