"XAUUSD FORMING WEEKLY WEDGE AND GETTING CLOSE TO EMOTIONAL $1000" by trader meku.tambu — published November 14, 2015

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Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)

FX_IDC:XAUUSD Gold Spot / U.S. Dollar

XAUUSD Gold

xauusd gold

Long term chart on gold is forming an wedge that could make an fakeout to $1000 level and then bounce up. If we get a buying confirmation, it will go probably go up quite fast, because this is an discount price level to all long term investors and institutions.

The scary thing.

GOLD: I SEE A POSSIBLE BEAR FLAG WITHIN A BEAR FLAG

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