FUNTRADER-Vera
Long

XAUUSD: REASONS FOR LONG UNTIL 1280

FX:XAUUSD   Gold Spot / U.S. Dollar
273 4 4
AB=CD could be finished at around1278-1283
This is a wave 3 for uptrend channel and a potential CYPHER pattern .
So except find a proper place long now , also need to watch candle movement when hitting aroung 1278-1283 for short opportunity/
Comment: GOLD IS GETTING HIGHER TO 1288, LEST STRUCTURE.
THIS IS A GOOD PLACE FOR SHORT.
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you have done a great job. Most people got this trade wrong. They have there short trigger around fib retracment 6.18 (1265) rather than 7.86 (1282)
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FUNTRADER-Vera northportsmokes
Thank you. But now 1277 showed strong resistrance now.
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northportsmokes FUNTRADER-Vera
so you are still long?Resistance around 1277-1280 and divergence on one hour chart
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FUNTRADER-Vera northportsmokes
1278-1280 is my short area.
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