Hello traders good to be with you on this Friday May 27th. We look at this pair as I find it very interesting as we observed gold hit 50.00$ P/B yesterday and closed the day just below that price. We can see that we have an ascending wedge and I am looking for the break to the downside. I am looking to enter this trade after a break below the daily pivot with a retest and enter at the price of 0.7204. I am looking to take profit at the support zone at the price level of 0.7147 for some nice profits.
Thank you traders and we will talk with you soon…..William