Gold is about to choose direction
Read the article on FBS website
Recommendation:
BUY 1213 SL 1198 TP1 1243 TP2 1263 TP3 1285
SELL 1188 SL 1203 TP1 1158 TP2 1143 TP3 1128
On the daily chart, XAU/USD keeps consolidating in the 1188-1213 range. A break of its upper border will increase the odds of advance towards 161.8% target of a “Crab”. On the other hand, a decline below support at 1188 will open the way down to 161.8% target of AB=CD.
On H1, XAU/USD keeps forming a “Spike and ledge” and a “Broadening wedge”. Support at 1188 or resistance at 1213 will help to determine the further direction.
