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Long

Gold: Wave (iii) Ending Soon. One More Chance To Profit.

FX:XAUUSD   Gold Spot / U.S. Dollar
In previous posts on Gold , I gave you the analysis on it and showed you that Gold was about to start a bull rally. You can refer to my previous Gold posts below for those posts. I have already closed one of my 2 LONG trades and banked +631 pips on this rally. That Gold trade hit my trailing stops when it spiked down but I'm perfectly happy taking that profit! Besides, I still have a 2nd LONG trade that is still working and that is currently up over +600 pips as well.

But what you are seeing in this post is that I still expect that Gold is not finished with this wave ( iii ) rally its been on and is still headed higher. My wave analysis shows that it is currently in a wave iv of that wave ( iii ) and could very well be forming a wave iv triangle. And that triangle could very well be near completion. That means that the wave v of ( iii ) could get underway very soon and if the triangle measurements are correct, the wave v could be worth over +200 pips more in profit! That means when this wave ( iii ) is done with, my current trade could be up +800 pips in profit! Combined with the previous trade already closed, that would be +1,600 pips in profit. Not too shabby, huh? If you had received my trade alert back in November last year, you would be in the same position.

Want more information including longer term analysis on gold? Send me a message.
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