Gold Breakout Open Doors To Longs

FX:XAUUSD   Gold Spot / U.S. Dollar
348 6 9
Price has broken a key level acting as resistnace and will probably rally. To be safe we should be patient and wait for a correction. If price consolidates, that will be agood sign to go long.
on weekly chart

60 average moving

how do you think?

same to 1191 on 15/10/2015?
Rayge Rayge
60 ma
Rayge Rayge
if close daily candle below 1153, i will short next week
Rayge Rayge
short now 1157 and 1154
But we need a correction first.
Today could be the daily cycle top at 1160.
And one more daily cycle which breaks above 1180.
Fxprotrader PRO chartwatchers
Yes we should wait for a consolidation first.
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