Arkenzaru

XAUUSD BOED

Long
Arkenzaru Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
As titled. Because we had broken up from the yellow wedge, it has formed a motive wave and this drop has already been anticipated given that RSI was overbought. For now, my advice would be to buy on every drop on each fib level, starting from the 50% retracement. Target will be 1848 and SL will be 1792 since that would invalidate the impulse pattern.
Trade active:
2nd buy limit activated at 1807.75
Trade closed: stop reached:
Trail stopped hit, all buy profits secured at 1821
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