Ouro/Dólar AmericanoAtualizado buy on the pull back
Gold has broken out of the large down ward wedge. I see current level as an area of resistance and an area for reversal. A harami candle stick pattern is an indication for short term trend change. Im looking at the pull back to find support at a 50% retracement of this last minor uptrend which lines up the breakout point of the wedge.
Nota
Nota
The lower time frame set up here could still give me a 1385 target from the pendant pattern projection. Really wanted to see a deeper correction but don't want to miss the next leg up if it breaks from here. will update if I enter. Nota
That was a key level thats just been broken Nota
closed a little weaker then the bulls would have wanted. watching the 20ema (orange), if it breaks then will be looking to buy at 50ma (pink) Nota
pull back to 50ma now closed above will buy again on confirmed break out. 
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