leszekstanislaw
Long

GOLD D1 - Long (bat, shark, channel line, fibo)

FX:XAUUSD   Gold Spot / U.S. Dollar
On daily chart we have two potential harmonic patterns

In my opinion potential scenario (very aggresive one) is
  • go long now
  • TP at 1270
  • wait for D D point - it may be .886 but sometimes .786 - observe confluence with RSI and be aware of 1.618% fibo ext.
  • go short to 1235 or even more...
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