Get started
kjmb1

Gold could be finding a bottom for the long-term

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
kjmb1  
FX:XAUUSD   Gold Spot / U.S. Dollar
5
0
Elliott wave shows XAUUSD has completed a complex correction, and may well have found support at the bottom of the trendline, and around the weekly S1 of 1078.15 and the daily S2 at 1058.91. Consolidation around this area may occur before an impulse wave upwards.

Happy trading!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.