Fxprotrader

Gold: Big Up Move Ahead

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
After a great trade in gold (see the link in the chart) a better one is coming. Price is moving to the down and will soon reach the lower bond of a long term corrective structure after a big impulsive up move. When price reaches the lower trendline we should watch for a buy setup to complete and go long aiming at least the upper trendline of the pattern. If price break above it, we will be in a trade for months..! But take one step at the time!
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