Kumowizard
Long

Gold - Buy the correction (again)

FX:XAUUSD   Gold/U.S. Dollar
363 3 4
Since I have been chasing Gold             reversal for some time now, I do not want to comment too much these charts.
Left panel 4 Hrs with Ichimoku . Right panel 4 Hrs Heiken Ashi.

Looks finally it is turning a bit bullish corrective. First target: 1315-1320. Then we'll see how it behaves in the cloud.

titi
2 years ago
Agree. Bought at 1284. This looks like the 4 wave of the 5 waves down on daily.
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Kumowizard PRO titi
2 years ago
yes, daily Ichimoku is not bullish at all, thats why I don't expect more than 1315-1320 retracement.
I bought as well 1284, but in fact the prudent buy in level was really the 1290 break (1 Hour time fram Kumo break)
Also I think equities deserve some correction from these levels, so probably the Gold proxy will help our long now. Good luck.
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fxswing
2 years ago
I agree with your idea - I entered long yesterday at 1280
See:
XAUUSD - GOLD long on potential support
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