Fxprotrader

Gold: Big Upmove is Coming.. Be Ready..!

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Price has reached a great level to watch for a long setup, for a trade that may last many months and give us huge profits. As we see, it is testing the broken downtrend, now acting as support, at a level where we have the 0.786 fib retracement of the up move which broke the downtrend. The lower parallel of the median line set has been tested yet, but looking in the lower timeframes, most likely we should have another small move to the down where price will reach it. From that moment we should start watching for a buy trade setup which may be a big one..

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