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Veejahbee

Gold Set To Resume Higher in Wave (v)

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Veejahbee  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Wave Analysis Chart Patterns Trend Analysis Gold XAUUSD xauusdlong goldbuy
2
0
waveanalysis chartpattern trendanalysis gold xauusd xauusdlong goldbuy
Gold rose higher sharply during the last NFP and the advance can be seen as an impulse in wave i of (v).
Price has been correcting the advance and the correction has retraced about 61.8% and is taking the shape of the zigzag pattern in wave ii.
I'm looking for the breakout of the corrective channel to position in a buy trade in Gold.

What's your view on Gold?


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