NecP

GOLD XAU/USD BUY IDEA 11.5.2020

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
We have very nice buy opportunity on GOLD. On H4 chart we can see creation of 5 motive waves of Elliot Theory. I am waiting last 5th wave of that impulsive move. Wave 4 is corrective ABCDE Triangle and wave 4 didnt move beyond the end of wave 1. Also Fibbonachi level of 38.2 is holding very well and we can consider as another confirmation for move up. My target for GOLD in near future will be 1850.
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