PooyaSalehipour

Gold has not pullback yet

FX:XAUUSD   Gold/U.S. Dollar
721 4 17
Dear friend's

Corrective wave had needed a jump. Wave it was done late on Friday. Now, exactly it is that we want. that is pullback on breaking trend line . indicators are prove that the short term downtrend is over now.

The valid bottom is 1241.

Two point is our target:
1st: 1,295
2nd: 1,320

Long-term trend: SHORT
Midterm trend: SHORT
Short-term Trend: LONG

Good luck,
P. Salehipour.
Comment:
snapshot
Thanks for sharing your chart! My view is similar:
snapshot
+1 Reply
Thanks you. this is possible.
Reply
thank you for goods ideas. i agree with you for short and mid terms but in the long term picture i expect is different. over the world, we know that there are some crisis pending for explore in EURO zone, JPY&China zone fighting other diffuculties in their economies. there is only one paper that is currently shining is USD. however, we this world is such a small village and expensive USD may easly setup a domino effect and may hit itself like a boomerang. USA cant last so long its trading with expensive USD. besides 2&3 level developing countries also need cheap USD to go on their trades. Its obviously that FED has a room to rise hike a bit but after that rising i expect FED to be dovish and this will give breath to the bulls.
+2 Reply
dear @sulabas,
thanks for your comment. actually i dont follow fundamentally news like a pro and i dont know exactly what answer for you is correct, anyway, technically show that we have a roof on the longterm bearish trend. now its on the 1338, any break above 1338.00 move gold on free space to $1900.00, but, now we are reaction and back on the down trend and the target for long term is under $1000.00, thats why i am talking about the gold have not any good future. let's analysis step by step.

kind regards,
psalehi
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out