shung05

trend continue

Long
shung05 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
3
Trend is everything, keep simple mind, don't dig to much in technical analysis is my experience. Round bottom is a sign for a long term trend reversal. Once it reversed to bull, your action is only to believe it. Round bottom is different from cup and handle, no retest and no trigger point, therefore, it will make you puzzled except you are brave enough. Round bottom following the rising flag which may take one to two month to complete before next dramatic rise.
Comment:
Believe it or not, I made huge amount of profit in gold by just one analysis -- round bottom. Trend continue.
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