Taking a long entry here as XAUUSD setup looks very similar to last year. May weakness followed by extreme strength through June/July timeframe. Target is $1325 up to the current bull high of $1375. May hit $1380 to trigger buy stops before correcting again for the Summertime. Exciting times...
Comment:
So far so good...
Comment:
see below..
Trade closed: target reached:
Exiting Long now.. Gold has lost steam and momentum is starting to wane. Wavetrend just went to SELL as well. Looks like a coming decline in gold for June into late-June/early-July timeframe. Gold stocks also leading gold down now as well.