Gold find strong support from 1490

FX:XAUUSD   Gold Spot / U.S. Dollar
5070 11
Gold find strong support from 1490

Last two days candle fromed an Inside Bar

Today this inside bar was broken to the upside.

Therefore we can Long Gold and aim 1520
and 1540
TP1 1520 HIT
HIT 1535
Jack's Trading System:

微信助手:jackedu007 (添加信息 JACK院长)
Moment of truth!

What do you think, can you update?

H&S going bearish or just correction and more up-side?


looks good
Thank you Jack, another god trade, lets see what happens Monday, hopefully all the way to 1540
@tntsunrise I am really wondering how I can trust this set-up after your recent daily chart fail.

Back then you were bearish and it went up in a rampage.
I've been riding the entire bullish swing.

Now that it made the first leg down, and it started moving sideways, you are calling for another rally?!
Hard to say that now.

I believe that we are still correcting and making a move higher as the termination of the correction, and multiple other structures.

I think a move down is pending, after the right shoulder completes.

This is what my chart looks like:

Let me know if you can read it properly, I will be glad to discuss it.

Good luck!
+5 Reply
Lionheart-EWA Lionheart-EWA
@Lionheart-EWA, My 2H chart.
Ready for XAUUSD

+1 Reply
tntsunrise Lionheart-EWA
@Lionheart-EWA,trade what you see.
+1 Reply
Lionheart-EWA tntsunrise
@tntsunrise, I see 1540 or so and then 1420 due to the H&S, for now.
mehmetgdogan Lionheart-EWA
@Lionheart-EWA, you also were calling a GOLD 1615-1620 target, is that still valid?
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