traderpulse

GOLD Wave analysis

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
We have been a visionary in the bullion counter so far in 2019.
Two predictions - one from the lows to form a parabolic move and then recently we suggested that the down move of late is not a head and shoulder pattern.
The market proved us correct by holding the trendline and breaking the neckline.
As suggested by us earlier, the down move is the wave 4 of a long term bull rally.
Now, the wave 5 move has commenced and we expect the bullion metal to head north from here.

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.