Phils_Ocean

XAUUSD I GOLD Wave Analysis

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
  • Gold is in a complexe correction, just like USDJPY
  • One last push to the downside is expected to strong support
  • There we should see a strong price action signal combined with RSI divergence

  • We then will see a rally to new daily highs around 1620-1650


This is for educational purpose only. This is no investment advice. Trade with demo account first before risking your own money.
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.