newbie2016
Long

GOLD Buy Setup after BREXIT

FX:XAUUSD   Gold Spot / U.S. Dollar
314 7 16
Details on chart.
Comment: Gold towards targets.
brexit will reignite the gold bugs and the bull market is on, historically the fall is a very good time for gold and silver so there's going the rest of 2016 should be on the up and up.
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Being that the candle that started the bullish run was at 1208, 78% fib says 1240 might be the low sweet spot, however if you go to the weekly chart, it looks like it is forming a flag pattern up, and if you do fib from the very bottom from last october till now low might be 1120..and the DXY is very bullish that drives metals down...interesting times ahead
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newbie2016 JustinRod
Different times different scenarios.. for now Brexit fear will drive markets in coming days.. and Gold will keep on jumping.. Down fall in gbpjpy and gbpusd has just begun.... UK vote to go out from Europe will drive market in coming days..
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newbie2016 JustinRod
Gold Daily Chart

snapshot
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dont understand a bit
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newbie2016 hb.jewels.9
Sorry if you are not understanding.. actually its 60 min chart.. and I am trading as per previous support and resistances..

Brexit is over and UK people decided to stay out of Europe.. so from last week gold was heading down due to speculation and polls that UK will remain in EU.. but final output is different.. so Gold upside is completely restored and move towards 1400 very likely in coming days.
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newbie2016 hb.jewels.9
here it is 1hr chart.. i hope it will help

snapshot
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