TheTradingPulse

Ending Diagonal for Gold 13 September

FX:XAUUSD   Vàng / Đô la Mỹ
XAUUSD 4H, Yesterday we were observing the TL, looking to go bearish if there was a break of the TL. As per our plan yesterday we waited until US Session to let the structure develop. We didn't see any setups that was with our risk appetite hence no trades were taken. The price did break through the TL during London session but it went to create and print a new internal High during US session. For the moment it looks like Gold is developing an Ending Diagonal Pattern. If this happens we would only go short after the price has made on more internal high swing, If the price doesn't go back up to our point of interest, we will look for a bearish breakout pullback entry on the LTF.
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