armanitrades-mhc

Small Buy on GOLD

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
4
Gold is proposed to be a descending triangle with more bias on the buy side. The reason why i took the buy is because this descending triangle has a key level of support which makes it a great buy. In a descending triangle, waves B and D usually retrace to .618 to .764 of the previous move im using .618 as my target dont want to risk it.
Comment:
target reached!

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