Kumowizard
Long

Gold - Correction is in progress

FX:XAUUSD   Gold/U.S. Dollar
313 3 3
Not much comment, the move has started finally. The pattern looks pretty much the same as in WTI (pls see below)

The main question is will it break above 1180, and will 1200 stop the counter move?

Short term its rather more bullish until holds above 1155, but if 1180 - 1200 stops the move it will turn down again once more.
Gold reached upper side of my tgt range. I closed this long at 1192 today. I do not want to fight with daily trendline and Kijun Sen.
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Justiceisfalse Kumowizard
2 years ago
Tip of the hat sir.
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Kumowizard PRO Justiceisfalse
2 years ago
Of course the big bull will come once, but for that Price will have to make a Kumo breakout on the daily. I don't think it is gonna happen now, but who knows, it may happen later this year. Even then compared to weekly chart that will be a counter move only, with probably reaching 65-70 USD, but 100 is less likely to see during one year horizont
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