Wave-Trader
Long

XAUUSD Watch bottom for buy

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi there, Gold is still bullish . Watch bottom for buy. On lower time frame we may see one more short term drop before we see rise. If price start to rise sharply then it can break up the flat channel for further upside. Otherwise look for reversal from previous high. In case price break down then wait for the price to form Trend Continuation pattern and then look for sell.

Good Luck.
Comment:
Comment:
Wow! Eur/USD same move?
Reply
orionanglo Werasuper
@Werasuper, no... wtf anyways this move wont happen just a minor bounce, then a fat short then a fat long
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KagisoManyelo orionanglo
@orionanglo, care to share analysis
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orionanglo KagisoManyelo
@KagisoManyelo, which pair? Eur/USD is still bearish for this month. XAU/USD has already made a correction, Tomorrow Friday 5/25/2018 gold will most likely be bearish. Next week gold will rally higher again to 1315.00 then will come down massively next month to 1250-1260.00 thats my opinion
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orionanglo KagisoManyelo
@KagisoManyelo, ofcourse this is assuming we dont hit 1315 by today
Reply
orionanglo KagisoManyelo
@KagisoManyelo, but regardless i thinkk gold will be bearish on friday during london -US sesh
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