PHNTMTrader

looking at a potential HH ans HL market for gold.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
69 views
5
XAUUSD retraced down to 50% discount on the FIB from last down candle to last up candle. A visible higher low is also available on the chart. There is also an imbalance marked up on the chart that gold will inevitably fill in.
Comment: gold is respecting HH and HL structure and approaching a new high