piphunters
Long

GOLD: Look for breakout

FX:XAUUSD   Gold/U.S. Dollar
1089 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 www.thepiphunter.com and subscribe.
If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.

Related Ideas

BobbyBonam
5 months ago
It may come down and form Inverted H&S lets wait and see
Reply
MikePips
5 months ago
In relation to flag patterns, pendants, and triangle what would a widening channel like this be called?
Reply
blake200 MikePips
5 months ago
I call it a top leader because the tops increase in height however this is not true terminology. would be good to know!
Reply
tst blake200
5 months ago
If you have any questions about terminology check out www.investopedia.com ;)
Reply
aibek
4 months ago
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!
Reply
piphunters aibek
4 months ago
thanks
Reply
goodguy PRO
4 months ago
Pip. Good call. Time for some correction now?
Reply
piphunters goodguy
4 months ago
yes
Reply
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