GOLD: Eliot wave analysis on triangle pattern & retest strategy

GOLD: Eliot wave analysis on triangle pattern & retest strategy

Here is another strong and clear confirmation for GOLD Long. Technical indicators are more in the upward side after the rejection after retesting the uptrend of the local triangle pattern (It is a reccurence over the hole week as u see in the chart, and that reflects the buyers intention...)

SHORT-term analysis (1H time-frame) : GOLD seems to be ranging in the area of 1693 and 1698 waiting for volume to go up very horribly (That is always realized in the morning from 6AM GMT to 16PM GMT)

First Target: 1710 , once this résistance is broke the next level is 1720.

Comment:

Congrats the Target is already Reached (y) It is always recommanded to close the trade after my first target and wait for that level to be reached and crossed well of it to re-open another tradeà Enjoy the profits!! 1600 pips alrdy.
Stick for my update for the next entry (there is always a pending entry after breaking the 1710 resistance!)