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syedhamza2135

Who is buying GOLD ?

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
syedhamza2135 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Parallel Channel Wave Analysis XAU XAUUSD Gold goldtrading
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parallelchannel waveanalysis xau xauusd gold goldtrading
Everything is explained in the charts. 90% retracement of the previous impulsive waves. A bounce from this level can push the GOLD prices upward into a triangular consolidation.
Comment:
Here is another thing to add to your confluence. A bullish BAT pattern

snapshot
Comment:
I know AB is more than it should be, but this is just for confluence. I am not really a patterns trader since i believe patterns are stretchable the way you want them to.
Comment:
Daily candle did not close below that level, nor does the price action indicates downward movement so I am still Bullish on Gold.

snapshot
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