thenry
Long

Are we Bullish ????

FX:XAUUSD   Gold Spot / U.S. Dollar
This last move up is a text book 5 wave (Is this a "1" wave or a "C" wave ?) Assuming it is a Minor 1 wave, we are now due for a correction. For this Bull to continue we cannot break (Even touch) this current "Bullish trendline". If we are looking at a minor wave 2 the 1258.00 to 1259.00 area is an excellent spot.
Comment: Didn't realize the severity of the geo-political issues. Hopefully everything works out Okay
Thank you so much. I hope that I can receive your analysis everyday.
Thank you Guru
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thenry dungambee
@dungambee, Well I am not a guru (Just an idea) I'm glad you like it.
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@c1234, Possibility as well.
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Trump wants to nuke North Korea. Let's see how this plays out. More turmoil coming soon perhaps?
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thenry JonathanSim
@JonathanSim, Yeah not feeling really good about this. Technically am quite Bullish with Gold.
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@thenry, Yeah, still looking pretty bullish due to the bearish rejection at 1254. If there's more geo-political turmoil safe havens should be rising, fundamentally speaking.
+1 Reply
thenry JonathanSim
@JonathanSim, Yeah could be looking at a huge move up.
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@thenry, Big upside coming :)
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