FUNTRADER-Vera
Long

Gold, a corrective wave for the red one is coming ?

FX:XAUUSD   Gold Spot / U.S. Dollar
Traders,

Welcome back to Monday on Forex market.
We have witnessed that gold make a rally on daily chart last wk from 1309-1349.
This is also happen to be a last top position.
To trade with cautious, I would like to think a correction is going to happen soon this wk .
However, after that correction, gold could go up to break 1400 soon.
Now the question is when should I start to entre a buy position ?
The red zones on the chart are support zone and resistance zone . Good luck!
Less is more!

Mar 29
Comment: the corrective wave going to pause ?
Mar 29
Comment:
Mar 29
Comment:
Mar 29
Comment: Can this be a sign of the end of the corrective wave?
Apr 02
Comment: Still targeting 1440.
Jun 07
Comment: Gold hit the red zone and drop down from there.
Now it on its 1300 round.
Can this time make a position same as last top?
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it looks like you spotted a giant bearflag maybe
Reply
shop1930 dfsemeraro
@dfsemeraro, lol what kind of flag is dat
Reply
bryanrg dfsemeraro
@dfsemeraro, bear flags tend to be a tight range with low volume, immediately after a sharp selloff (pole) - Gold to 1440 is all I know
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you make this site fun...thank you!
Reply
ShivamVerma secretsong
@secretsong, RIGHT
Reply
Do you expect pull back bellow 1300 as next macro move?
Reply
ShivamVerma fhsk2001
@fhsk2001, she dont know
Reply
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