lincolnborgesrp
Long

Gold - Possible UP impulse

FX:XAUUSD   Gold / U.S. Dollar
Ending the corrective triangle, lets buy and see if we get this impulse.
Risk Reward worth
So I guess the direction should go up as your blue arrow indicated ?
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If you believe in the Elliott Wave theory, so yes, the price follow this system, Impulse -> Correction -> Impulse -> Correction ............ and then change the direction doing the same thing.

Gold did a impulse, then a FLAT correction wave and a Impulse. Now he is in a correction wave again and in a few weeks can happen another impulse.

Of course this is what i analyse, trade with care.

(Sorry my bad english)
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