a1mtarabichi

XAUUSD Falling wedge, C&H, short-mid && long analysis

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
General consensus on XAUUSD as backed by BB, KC, Volume, Fibo, the apparant falling wedge and consolidation then leading to what is now a clear cup and handle making a target short for XAUUSD apparant with also a mod-long term position in sight depending on your entry and position of course.[

  • Clearly investors are shaken up as a reversal on $GLD would usually indicate a lack of consumer confidence though it is clearly too soon to make such a distinction.

Targets for short, long && stop are present along with other indicators. DISCLAIMER: do not take this as investment / financial advise and make your own decisions when investing in anything: beit wallst or a dex (though clearly more volatile) investing comes with risk no matter what it is and you should always heed caution when doing so

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