Fxprotrader
Long

Strong Buy Setup in Gold

FX:XAUUSD   Gold / U.S. Dollar
Price is in a corrective structure ( descending channel ) having already formed a five wave wxyxz pattern. If price breaks the upper trendline of the channel we should see a big move up.

Stoploss and profit targets as shown at the chart.

Regards,
John.
Hello (again) John.
Have been following this harmonically for a while now...waiting...bit like the Euro's...learned from them not to wait, because reversal can be quite violent yesterday ! So had put a fib-level order in not expecting it to be hit for a while.
Lo and behold.......lift-off.

As before. Thank you for providing the convincing counter-presentation. Hopefully a position from which to build.

rgds
Chris
+1 Reply
Fxprotrader Fieldgate
You are welcome Chris., Have a nice weekend..!
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