Entry point to buy.

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
1064 3 28
Signal to buy gold             . Was issued in 1088.
There is the possibility of reducing 1109. But the main trend is bullish .
And now we are waiting for entry point to buy.

Related Ideas

Impressive graphics. It appears a repeat of the price variation characteristics similar to the final months of 2014 beginnings 2015 might be taking place. We could also have a cup & handle chart pattern unfolding. I know one thing with regard to gold, the are no certainties just possibilities, which means that some price action proving this prediction (say a decisive move towards 1150) is required soon prior to the Fed meeting.
+2 Reply
You are right. This will be wave B or could be called wave 4 with a wave C or 5 to follow. I expect the rate hike will cause the reversal in Gold. This might happen in April or May or June 2016 at the latest. Let's seat and watch what happens. In the interim may the pips be with you .
Very powerfull chart. I love your chart everytime ostaad.
+1 Reply
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