Target hit again. Falling Wedge on full deployment. Short.

7 ago 2018

TP = 1,208 hit, as the July 2017 low = 1,208.70 was crossed twice, once reaching 1,204.66 and the other 1,206.84. However as DX was rejected off the 95.20 - 95.45 Resistance zone, XAUUSD rose in response to a 1,217.94 High. This is still though a Lower High within August and with the 4H Falling Wedge (RSI = 47.270, MACD = -2.140, Highs/Lows = 0) restricted to a 1,222.10 maximum value, I expect the selling pressure to accelerate, especially if DX holds the 94.00 support. We are adding a new short, TP = 1,201. Keep in mind that we are near the buying zone of the March 2017 contact point = 1,196.20 and the January 2018 low = 1,182.00.