FUNTRADER-Vera
Short

XAUUSD: swing traders' strategy

FX:XAUUSD   Gold Spot / U.S. Dollar
Traders,

Finding out the reversal trade is an ability.
Following the trend is an ability.
Using them to make positive pips to create wealth is an ability.
Now on daily chart , gold             is making a healthy correction from last top,
this is a good sign of further higher position.
Swing traders will follow the correction trend down to 1296-1328 zone,
WHICH ALSO A POSSIBLE BUYING ZONE LATER.


Less is more!
Comment:
Comment: the arrow is also a trend line guiding the gold down.
Comment:
Trade closed: target reached
Comment: +120 pips/
Trade closed: target reached: Our signal of gold hit all targets $1343-$1315=$27
Comment: 270 pips!!!!
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we got the same bottom! nice one
Reply
@Loii, great!
Reply
thanks @FUNTRADER-Vera. I agree that there will be a shallow retrace to previous support area around 1300.
This coincides with my analysis with Harmonic patterns:

Reply
You always have the wonderful ABILITY to gauge the flow of the PM market. I put a lot of weight in your charts. Thank you!
Reply
Well said!
Reply
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