Wave-Trader

XAUUSD Watch 618 for long

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
HI there,

Gold is forming new low with in the bigger daily correction and testing the 618 of fib lines.

How to trade.

1. Watch 618 and look for buy

OR

2. Wait for the 1st impulse on 15 minutes time frame and join.

OR

3. Look for buy breakout after having 15 minutes correction.


In case price keeps falling and we dont see any price action at 618 or 786 and close below the previous low then it will invalidate the buy setup.

Good Luck

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Comment: Nice bounce off. I hope you are in look for more upside.
Comment: Thats called amazing bounce off from bottom.

Watch for more upside.
Comment: Watch continuation.
Comment:
Comment:
Comment: Thats called master class.
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