Looks like a wedge pattern, if this gets into a tighter range I expect a breakout, USD data up next EU data lower earlier.
Breakout candle
Nice profit on my entry yesterday 1.19420.
FOMC shortly ,is dollar over sold ,yes but it can remain oversold for a long time.
My STOP got hit re entered at 19650,Gold still hasn't broke 1300 should see some upside.
Still have a Long position on this since yesterday,6 mins to ADP
Still at risk of this going lower according to Gold moves,need to see it picking up pace on the buy side.
XAU/USD almost broke 1300,major support level,one to watch!
20 Level taken out as expected,had risk covered not to get killed, some small losses from earlier,usually see a 20 pip swing below the whole number,just short of that 19820 .
Good thing I set my stop earlier while I was away from pc ,I have a Long at 19940.