WaveAnalysis
Long

XAUUSD Long Trade Setup

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello Traders

Even though it's still a small one, we have a complete corrective structure on gold . The last bottom is 0.382 retracements of the upward impulse and 0.118 extensions of the green A wave. The next structure can be a correction for more downside or it can reverse totally. As you can see, it got a reaction and broke the trendline . Now, I'm waiting for a reversal impulse and correction to place an entry order. My first target is 1360. It can go up to 1500 or even further. Of course, it can also make a correction and keep going down a little bit more. But I hope we will have enough time to move SL to BE in the case of a correction before another down impulse.

For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Bulent
Gold is Your instrument, Bulent !
Still remember your historical debates with Hanish :)

So. lets take this move
Reply
@quql, I don't remember that :)
Let's see if we have a nice up impulse.
Reply
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