Loii
Long

BUYING OPPORTUNITIES FOR GOLD

FX:XAUUSD   Gold/U.S. Dollar
612 9 16
I will be staying out of the markets until friday this week. my buy zone is $1238-1243. I predict a big bear after this rally, however I didnt expect it to come 1 week earlier! i do not plan on buying at 1260.

key levels is 1243. if this breaks lower, we will retest 1238. i see this as strong support.

This whole week looks very bearish so best to wait until Friday to long!
Comment: possible bottom at $1257 since we got a possible bullish ABCD pattern
Comment: bullish divergence on H1 charts on RSI
Loii arif_awan
advanced harmonics dont often form lol.
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according to your chart its still gonna form lol,,,this pair work great with harmonic patterns
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arif_awan arif_awan
1243 is close to my entry number which is 1245
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Loii arif_awan
i updated my commentary, we have a potential ABCD bullish pattern and a bullish divergence on h1, this both are strong buy signals. we will see how it unfolds tomorrow.
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what time frame?
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Loii arif_awan
i said H1
Reply
arif_awan arif_awan
H1 is close to overbought there is divergence at H4 but price will come down again as soon higher highs of RSI come in the trendline. price will come down once more. believe me.
Reply
arif_awan arif_awan
lets see may be you are right,,, i am not long yet.
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