eacemi

XAUUSD Gold : ABCD Pattern

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
On September 17th; I have published an idea here and in our web and it was referring to a Bulls Trap.

Our scenario was: XAUUSD will drop towards 1.260 and my ultimate target was 1.500 in the second half of 2018.

I tried to explain the fundamental reasons for this idea in the mentioned article.

XAUUSD price dropped towards 1.260 as I predicted and we have entered the LONG trade.

The first target of GOLD is 1318 and breakout of this resistance will carry the price 1.332, 1.354 and 1.380

Good Luck


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