there is an important thing that you should be wary of if you want to enter long term trades and that is your trend. here we have trends, both waves and corrections, and their timeline so as you know before 1676 break you can't tell any other goal because the nature of gold is now in an up Trend from the year 1999. and one more thing that you should be careful about is that price support or resistance lines could be broken but what I think is the most powerful of all is the time you give the trend to go their way based on what period you trade on. but of course, be careful around those break out failures :)
Comment:
im gonna post a more accurate analyse in my next post. long term :)