Gold: Big Up Move Ahead

FX:XAUUSD   Gold Spot / U.S. Dollar
1493 19
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!
simple and good
Fxprotrader BernhardAnalytics
Thank you :)
please what is the stoploss and target ? am sorry, I am still a bit new to forex trading but I really appreciate your work mr fxprotrader but what could be the potential target sir ?
Fxprotrader social_junkie1992
We can't say for now mate as we don't have a setup completion yet.. If i have one i will update and tell you how to plan this trade..!
where should be stoploss ?
Fxprotrader j.miertzsch
We don't a setup yet, so we can't say at the moment..
+1 Reply
and which could be or SL in this setup below 1250 ? thanks !
We don't a setup yet, so we can't say at the moment..
I don't think gold can uptrend 1344-47
Fxprotrader DangBinh
Can you post your analysis?
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