Realisto_FX
Long

Gold : A different approach

FX:XAUUSD   Gold / U.S. Dollar
Doing research in Gold             , I found a possible end of a correction cycle Also the area of 1180 corresponds to 61,8 fibo retracement to explore possibility of a new bullish trend .

In terms of time cycles , from October 2008 to low of 1130 it took 313 weeks, which represents 6 years , a good turning point after a 5 year cycle + accumulation/distribution .

Finally the coloured angle fits with the idea of an ending cycle.

I´m entering long at current levels with SL below 1180 on a daily close.

NOTE : Markets are fractal and Gann provides multiple possibilites. Time cycles are not always accurate but in this case it seems it could work.

You can subscribe to my mailing list :
http://eepurl.com/bp_sgP
http://www.realisto.net
You can subscribe to my mailing list for FX Alerts : http://eepurl.com/bp_sgP
Webinars & One-to-One Training available, pay per minute

Related Ideas

UPDATE : Stopped out. Gold picture is increasingly bearish
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out