Loii
Long

POTENTIAL BOTTOM FOR GOLD

FX:XAUUSD   Gold Spot / U.S. Dollar
218 7 3
POTENTIAL BOTTOM FOR GOLD             . looking to long 1215-1220 till 1263-1280
Comment: RESISTANCE/TP LEVELS:

1227
1232
1238
1253
1263
Comment: Revised final TP is 1250. I expect a retracement after to the bottom or mid of the channel/pitchfork before heading higher
update guys:
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Loii Loii
if nfp this week is positive, expect a big retracement!
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Could you explain how you calculate the resistance tp levels please ?
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Loii Nffg
some were prior support/fibs/pivot levels. ie. 32 is still a daily pivot level.
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Nffg Loii
Thank you very much for your reply
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I think it's not finished yet.
We will break below the pennant's apex. Sub 1200 is coming before we go up again...
+1 Reply
Loii chartwatchers
that pattern should be invalid now
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