anilmangal
Long

GOLD the POWER OF WAVE ANALYSIS

FX:XAUUSD   Gold Spot / U.S. Dollar
7395 39 164
Hello Traders as see in the chart pinned here the down move was an ending diagonal which broke to the up side as it does 90% of the time . Now we wait for a corrective structure to confirm the start of an up trend.
Remember just drawing lines on a chart has NO meaning !! It is not about the lines you put , it'a all about the STRUCTURE!! So drawing lines without understanding what structure you are looking for is as good as driving but not knowing where you are going!

Trade with care.
Thank you for your support.
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457


down to 1170/60 area
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Gold down a lot today. Almost $45 to 1194. Will wait for 1175 and then will start lit position here. you think it can go below that level?
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in 2001 Gold retraced this type of move all the way back to its 50MA... be careful here...we are very overbought and seasonality is not supportive until june/july
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sir
i have learned many things from your charts,differences types of corrections and so many.
please keep sharing your view.
thank you.
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I have a question for you Anil, What numbers do you use in MACD?
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Thanks Anil! I have seen your videos, very very smart vision and deep understanding of how really moves the market, thanks a lot
+1 Reply
anilmangal ulisestrader
Thank you, always glad to help.
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setups ulisestrader
please, can I know where did you watch his videos, I really need to learn
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http://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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Great view, I got the same
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