ahabaevbg
Long

Gold going bullish

FX_IDC:XAUUSD   GOLD / US DOLLAR
38 1 0
Entry is now. There is presence of strong resistance on the lower side of the big channel. Today we have a second attempt to break, failed.
On classic Technical Analysis , this is considered a flag, confirming a target of 261.8 FIB target, also going to the upper band.
Elliott Wave analysis also confirms this as a Zig Zag and a completed minor wave 2 out of 5 of an impulse wave

R:R can be even tighter here, up to about about 50
ahabaevbg
2 months ago
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