XAUUSD dropped down to 1280 without any stop.
Now the first support zone is so clear that we do not want to risk to short it on current position after all our targets of last short trade hit perfectly.
This A TO B correction is possible to happen before NFP ( THIS FRIDAY). Lets say $20-30 is possible. So 1300 could be retested again.
ABCDE is possible if gold fail to go back above 1300.
LESS IS MORE!
Now the first support zone is so clear that we do not want to risk to short it on current position after all our targets of last short trade hit perfectly.
This A TO B correction is possible to happen before NFP ( THIS FRIDAY). Lets say $20-30 is possible. So 1300 could be retested again.
ABCDE is possible if gold fail to go back above 1300.
LESS IS MORE!
