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VasilyTrader
Jul 6, 2020 7:56 AM

GOLD (XAUUSD) Bull Flag & Continuation Long

Gold/U.S. DollarFXCM

Description



hey guys,

it looks like gold is preparing for a retest of a current high.

during the last few trading days the price has formed a bullish flag formation
and just 1 hour ago it was violated to the upside with a bullish engulfing candle.

we now may expect a bullish continuation.

target levels:
1782.5
1787.5


p.s don't risk big.
max 0.5% risk of your depo on this setup.


Trade closed: target reached

Check my new analysis on GOLD!!!
Comments
IraqiHawk
MEGALO1
@IraqiHawk, That sounds kind of BAbY-BOLogNiene 587 (2,3) to me ??? JC's birthdate 100 (2,3) , nice idea . :-) I assume the wave you suggest is $1786 to $1776 arena ??? i like this perspective its illuminating !!
IraqiHawk
@MEGALO1, Hello, this is William Jean's method, with a simple addition of me in discovering the rising waves from the descending. ..There is no sale this week and God knows
MEGALO1
@IraqiHawk, I like thx's .
IraqiHawk
@MEGALO1, u welcome
VasilyTrader
@IraqiHawk, good analysis!
IraqiHawk
@VasilyPonomarev, I really thank you, but my analysis comes after your creativity in the analysis first
Wolf_of_Trading
thanks for sharing and this is also my Gold idea
VasilyTrader
@Wolf_of_Trading, good outlook!
MonieTrend
You were spot on. Great analysis!
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