JohnSp

XAUUSD daily chart. Cypher pattern, RSI positive divergence.

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
8
XAUUSD daily chart, Cypher pattern, with RSI positive divergence, stabilizing from interim down trend line, targets.
Possible scenario against strong resistance 11/7/2016 down trend line, 200 sma.
Breaking out of the resistance area, possible ABC wave.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.