thenry
Long

Let the Games Begin (Bullish)

FX:XAUUSD   Gold Spot / U.S. Dollar
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Still believe we are in a "Wave 1" up for Gold (An expanding leading diagonal ). Looks to me that it will test the "Major wave 1" probably exceeding it. Have a target at the 1269.60 area. After that all good things must come to an end, with a retracement downwards (For "Wave 2"). If this "Wave 2" could perhaps just test the "Long term Bearish trendline" and find some good solid support on it, we could be in a strong 3rd wave up.
hi can I ask about where will be the next Long entry point?
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thenry phoe68
@phoe68, I am looking for a move down now (1256 to 1252 area) This is my opinion only, but then I would long again on a new high.
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