piphunters
Long

GOLD: A possible leading structure for an upside impulse

FX:XAUUSD   Gold/U.S. Dollar
544 6 22
The commodity is in a complex corrective structure after the initial impulse out of the previous structure, this is now starting to look more like a possible leading structure for an upside impulse which would be really exciting to ride!

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KVE PRO
6 months ago
Yes, I have been hoping for such a structure to form, possible leading diagonal wave 4 completion today...
XAU/USD: Gold daily rising channel or wedge?

Good reversal on this Gartley so far...:
snapshot
+1 Reply
piphunters KVE
6 months ago
thanks for your view and good trading!
Reply
4thewin
6 months ago
what about this 3 black crow pattern all inside the last green bar? I would think that is bearish. Also flags like this are not bullish. Bullish flags would point the other way on light volume. Please share your thoughts, thanks!
Reply
piphunters 4thewin
6 months ago
I would wait until the picture get more clear, either a break below would signal a sell or break up a buy, right now better stay out unless you are very aggressive.
Reply
4thewin piphunters
6 months ago
im not aggressive, I am just holding positions i have bought throughout this year. So my hope is you are right that it will break up. On the GDX I think the correction is wave 4. The impulse will be wave 5. What do you think
Reply
piphunters 4thewin
6 months ago
it should go up but before that can come down too.
Reply
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