lawlee9

Gold broke trendline - up up up

Long
lawlee9 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
5
Price broke out of the wedge. Retested and also created B correction. Retest of hidden trendline could provide a good entry for long.
Comment:
I think the first rally is done. Seeing a possible retrace. Getting in long on the touch of the trendline still seems valid.

Comment:
Still looking for the C wave correction upward. We see prices moving back down into the level we wanted. Took longer than expected, but it's coming soon. This should be a good level to go in long and take it to the end of the C.

Comment:
Almost there...
Comment:
Even with brexit, technical analysis seems to stay relevant.

Comment:
Could see retracement to 1306.14, then a move higher.
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