FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
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As long as 1221 hold, no confirmation of lower Levels, and breakdown of 1236 should be re-tested.
Good luck
Trade active
Trade closed: stop reached
Hey Viking, don't you wanna share your idea about XauUsd nowadays? I will be glad if you do
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Viking83 serhans
@serhans, The cycle has been extreme in both price and time. We are more oversold than in Dec 2016 on weekly charts, sentiment is raging bear. I still have the 1293 as a target. I have several major cycles pointing up, but one minor is still pointing down. I expect the reversal within short amount of time. The minor can be due around 20th of Aug, but likelihood of further moves to the downside are in my opinion more and more limited.
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Short term pain, but this is a great shakeout. Favorable cycles and seasonal pattern dead ahead.
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Viking83 metfan
@metfan, Indeed, main holdings long-term positioned. Good luck :)
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Sorry. Level holding means NO daily close below this level?
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Viking83 epalazzo
@epalazzo, No, level is broken downwards, that lead to lower levels. At this point, price just have to complete, it's a rare, extreme cycle we're dealing with here.
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1221 holds means daily close below this level? If it does not hold what is the next target? Do u use Gann calculations?
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Lets do it! Good luck!
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