piphunters
Long

GOLD: Look for breakout

FX:XAUUSD   Gold Spot / U.S. Dollar
1092 8 29
The commodity looks like it's back to business after several days in a corrective structure which is likely to be broken to the upside giving a nice opportunity to go long.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
Pip. Good call. Time for some correction now?
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piphunters goodguy
yes
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Great chart! Don't see it this way, thanks for different perspective!
Breakout... and now a pullback. Interesting to see the reaction of former resistance at 1325-1330 area.
BR!
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thanks
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In relation to flag patterns, pendants, and triangle what would a widening channel like this be called?
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blake200 MikePips
I call it a top leader because the tops increase in height however this is not true terminology. would be good to know!
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tst blake200
If you have any questions about terminology check out http://www.investopedia.com ;)
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It may come down and form Inverted H&S lets wait and see
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