gcplau

Gold bounce likely commenced LONG trade Wave 1, 3 & 5

Long
gcplau Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold finished correction 5 point swing, and responded a strong pinbar in Weekly. Take the opportunity of Dollar correction and Gold rebounce for opportunity of Wave 1, 3 & depends 5 is clearly identifiable.
Comment:
Here attached the Weekly indicate retracement Fib 61.8% and a downward diagonal resulting with a pinbar market response; together w/ super low RSI, suggesting possible bounce.
Comment:
try cleaning up messy weekly chart above:
Trade active:
Trade 1 — 1184 long initiated.
Trade closed: target reached:
1st trade target reached. 4.2 R/R.
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