HumphreyNR
Long

Potential BIG GOLDen ABCD on My Radar

TVC:GOLD   GOLD (US$/OZ)
186 0 5
Hi Traders,
GOLD             looks to be setting up for a nice big move up, and I am keeping an eye on it due to the following
1. Price retested the falling trendline earlier on (1st week in October; around the 0.382 fibonacci zone), and has come to retest it again;
2. Price is within the 0.5 and 0.618 fib zones. This zone served as a strong support zone which could not be broken on four (4) previous occasions;
3. RSI is in oversold zone (howbeit yet to reverse)
4. Divergence being formed on the RSI .

Would be updating the idea with time. Don't forget to click the "Like" button if you like the idea :D. Your comments are welcome.
Trade with care!
Trade active: Price action on the 0.5 Fib area looks good to long
Trade with care, plan your trade and All the best, mates.
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