Pashabxl

XAUUSD: Gold resume its downtrend . Big picture and next level

FX:XAUUSD   Gold/U.S. Dollar
87 3 2
here is an updated next level concering gold             .
Everything is clear. Until FED decide to increase its interest rate gold             may face this serious downtrend that may continue until 1080
Iskandarglenn
2 years ago
TY Pashabxl,
Ofcourse the alternative view, maybe that this is start of wave3 Up??

Glenn, now Iskandarglen.
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Pashabxl PRO Iskandarglenn
2 years ago
Obviously ,the alternative is the raise of a wave 3 on the upside until 1202 and above til 1223 before resuming its initial path. Probability is rather beloow 50% for the time. Unless there is a big fall of EUR against USD a big break towards 1.08 and bellow. Then wave 3 on the upside
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Iskandarglenn Pashabxl
2 years ago
Thanks Pashabxl,
I was looking for 1170 bottom this time.
I have no position here, currently.

Glenn

Glenn.
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