sph88gumbi

Another opportunity on Gold

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
On our previous idea we stated that a break below 1660 will exposed 1620 level and market almost reach our target. Gold is on a correction phase on the bigger time frame and at the moment we cant specify a type of correction but is either a triangle or flat correction. At the moment we expect a price to shoot to 1680 level thereafter we will monitor a type of consolidation and see if we are going to have another push upward to 1720 level. A break and close of any candle below 1620 will invalidate this idea. Good luck
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.