yitiancai

Time to buy gold? harmonic patterns likes you

Long
yitiancai Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
hello everyone!!!

I found to pattern in gold and a indicator which imply gold will goes up

1) a prefect AB=CD pattern from 1324-1260(the blue one), the price touch 1265 and goes up
2)a bat pattern which is not prefect but still active. you can see the potential reversal zone is near 1250-1260. now price still stay! that a good news!!

RSI seems to go up from 30. If you look from the past, each time RSI WENT from 30, gold went up

good luck and wish you have a good trade
Comment:
now change to bat
Comment:
set but limit in XAU/AUD
Comment:
set buy limit in XAU/EUR
Trade active:
let us go xauaud
Comment:
let's go xaueur
Comment:
go
Trade closed: stop reached:
xaueur STOP reach ,still not a good time to long xau

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