KVE
Long

XAU/USD: Gold long opportunities based on harmonics

FX:XAUUSD   Gold / U.S. Dollar
99 2 2
Based on my last daily analysis I am looking for longs after a possible wave 4 of a rising wedge or a bounce from the alternative up channel ...

First buy zone coming up is where the possible smaller Gartley and AB=CD PRZ's coiincide...
If PA reverses there then the rising wedge scenario is still a valid option and I will set my targets high, counting on a possible breakout of the recent down trendline (2 options depending on which tops one connects...)

Second buy zone in case the first one fails is where the larger bat completes...

I will look for confirmation of a possible reversal in the forementioned zones on smalller TF's...
No use in putting setups on chart for now since this will depend on price and time where these possible patterns complete. Will update or re-post closer to completion.

Daily view, channel positioning is subjective though...:
XAU/USD: Gold daily rising channel or wedge?

over the next few months I will be buying with both hands! Looking forward to this chart playing out! :)
Reply
KVE lukelehepuu
We'll have to see what the referendum brings first but longterm I'm bullish too!
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out