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OceanBlue

GOLD H4/DAILY TRADE (BUY)

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
OceanBlue  
FX:XAUUSD   Gold Spot / U.S. Dollar
Wolfe Wave Support and Resistance Trend Lines Gold goldtrading XAUUSD long-term longterm longsetup wolfe-wave trend trendchange
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wolfewaves supportandresistance trendline gold goldtrading xauusd long-term longterm longsetup wolfe-wave trend trendchange
Classic bullish Wolfe wave is being shaped at Daily and technically speaking it is looking quite promising.

However, it contradicts the previous short setup which is working right now:
GOLD BEARISH SETUP (DAILY/WEEKLY)

Once gold reaches point 5, it will be at the very same area as previous resistance line II-IV.

The outcome of this fight will decide further long-term trend.

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GOLD bearish short-term idea (H1/H4)
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GOLD BEARISH SETUP (DAILY/WEEKLY)
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