TradingView
NIKTHESACK
Sep 23, 2017 6:04 PM

XAUUSD LONG 5 WAVE - AB=CD Long

Gold/U.S. DollarFXCM

Description

XAUUSD LONG 5 WAVE - AB=CD

Pattern analysis suggests AB=CD parallel geometry.

Culminating into an eventual long, finishing the second 5 wave it's just started here at The end of September.

Looking at an eventual long past the resistance around the month of December - in step with the rate hike, but for now,

looking for the bounce off the top red support, going into 3/5 pushing up into resistance leaving a bounce around these levels finding buyers to push up this market past resistance - looking to pop on the 3 or later at the 5, either way, the 3 is coming, the trick is timing.
More