pixi
Long

Consolidation in a daily bearish flag before resuming the trend

FX:XAUUSD   Gold Spot / U.S. Dollar
Hi,
Last week gold             has been traded in a tight range between 1250 and 1262 and it closes at 1251.3 (FXCM's feed is the only one which has a closed at 50). In a range, buy the bottom and sell the top.
So I will looking to add more long position above 1250$ on Gold             with a SL at 1244.

Already long at 1246$ (see related ideas below), i will target 1271/72 for early days of the next week.
Gold             is maybe forming a bearish flag in a daily downtrend.
There are nice projections / expansions fibo confluence of AB and CD leg targeting this area and a previous strucutre ( supply zone ) to be retested.

Invaldation : daily close below 46
Trade closed: target reached: Short 71.2
brilliant
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Awesome !
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Great to see this. I have baby bull waiting at 1247 for Monday, this chart says we have plenty of baby bulls then not only for me.
Keep up the good work!
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Thanks, pixi! You are the best in Gold forecast and analytics at TradingView. Wish you really good trades.
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