bhowe
Long

GOLD long idea

FX:XAUUSD   Gold Spot / U.S. Dollar
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3
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GOLD turned positive on the PSAR and HA candles are green. Weekly charts.
Comment:
Comment: AB=CD pattern starting 2nd leg higher

Comment: GOLD, finally inching over the 30ema on the daily chart. First time since April. A convincing move above it would confirm the ICL and good trading for a few weeks. The MA's are all converging and starting their move higher. The MACD is above the zero line. All good
Comment: Gold getting oh so close. A close above the 30 dma and we will be off to some good gains.
Comment: Looking for the H&S pattern to play out to the 200sma

Comment: Encouraging break above the red trend line...........
Comment: Bull flag forming.....

Comment:
Comment: Golds making a strong run on a 3rd Daily Cycle. Its at a previous point of consolidation. I expect this to be near the top.
Comment: GOLD stalling in the consolidation zone. May pull back to the trend lines
You think long with such a bear momentum, maybe for how long?
Reply
bhowe matjaz70
@matjaz70, cant estimate time, certainly has been longer than I thought. Watching indicators to BUY.
Reply
It"s high time to go up ;-)
What do you think about miners?
Reply
bhowe ArtFly
@ArtFly, Waiting on indicators to turn higher,
Reply
Thanks Gary.....
Reply
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