Wave-Trader

XAUUSD Watch bottom for buy

Long
Wave-Trader Updated   
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.
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