SilverGuru

Gold correction looks ready

Short
SilverGuru Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The upside of gold since December 12 had been great.
For me, the best move right now is to hedge my position against this little pull back.

I think the upside after this correction will be huge. (3 wave)
Ill post an update as soon as i think the correction will be over.
Trade closed manually:
Closed my hedge with a nice profit for the day.

I'll check tomorrow if we have broke the buy setup on the lower TF.

The trend is still bullish.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.