HamzaLeith
Long

Two scenario's to ride the next bullish gold impulse

FX:XAUUSD   Gold Spot / U.S. Dollar
Idea is based on median line analysis and basic support/resistance . Information is on the chart. Good luck
great decide now up or down
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HamzaLeith mucahit06
Hi Mucahit, valid question, I have been hesitant, probably because I called the end of the correction too soon. Here is what I think...
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More room to the downside!...most likely 1045 (but 1030 is not unlikely)
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+2 Reply
moneymaking HamzaLeith
Hey Hamza, how you doing mate? I totally agree with you on that. I think the market will very easily break that pennant and move lower from there. Hope you had a great trading week. Have a GREAT WEEKEND mate :)
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HamzaLeith moneymaking
Hi mate, thanks for the kind words. Have a good weekend. This week has been characterized by "waiting" for the market to reveal its intentions (typical NFP week). Now that we had that, many trends are about to resume and profit from earlier setups will follow hopefully. Have a good weekend.
+1 Reply
moneymaking HamzaLeith
Nice, yeah this week was definitely included lots of waiting time. It was lots of uncertainty in the markets this week, especially due to the NFP. Everyone tried to stay on the conservative side. Let's hope that next week brings more good trading opportunities :)
+1 Reply
at the current price...would u recommend to long by monday?
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. Hi Shuks, sorry for the late reply, had no laptop last weekend.
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scenario 2 now in play...
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