Organone
Long

Broadening Wedges Descending in Formation

FX:XAUUSD   Gold Spot / U.S. Dollar
Buy Break out Resistance at 1263-1264 SL at 1250, Better Buy throwback if there's one with a Stop loss at 0. profit taking can be very high if the structure is valided by the market. look at the graph..
Comment: Buy next Break out retest SL at 1258
Comment: If Breakout retest fell this morning, i see a last opportunity to be long today at 1248-1249 SL 1246 and then breakout for at least the end of this week or Monday.
Comment: i 've just bought 1h candle SL 1257
i 've just bought 1h candle with a stop loss at 1257
Reply
Maxine PRO Organone
Excellent analysis! So many analysts encouraged to short at 1263.
Reply
Very interesting opinion and different from other analysis. I agree with you, I see a point to buy at a weekly level.
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