ReallyMe

XAUUSD : Contracting Triangle on GOLD - Will It Happen Again?

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently rising...
But there is no denying that once it reaches the top of the corrective contracting triangle channel ($1,330) and rebounds from it, it could break the bottom edge.
As it happened in 1996.
Comment:
Comment: At a higher scale
Comment: And at a next higher scale I see this.
So I think mid-term Gold will be rising. I expect $1,350 in the beginning of March, 2019
Comment: A quick update: I think short-term the Gold price could go as follows -- the first retracement (Wave A) to $ 1266, then climb back up (Wave B) and then second retracement (Wave C) to $ 1260
Comment: Another possible development:
Comment:
Comment: Gold is taking its time. That's ok, after all it's Gold, not something else.
Strong upward trend is unbroken. Maybe just one more correction before taking off:


Possible targets:

Short-term: $1,305
Mid-term: $1,341
Long-term: $1,445

Comment: Short-term target $1,305 reached:
Comment: Gold price has been transforming in a way that is highly interesting.
What is the next target? $1,640 then on to $2,000?
amazing, great chart
+1 Reply
ReallyMe TanveerAlam
@TanveerAlam, Thanks!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out