michaelhughes5310

XAUUSD Short sell, Long Buy

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD

Looking at gold i do believe we are in an Eliot Wave. So i am looking for an over all buy but might try to catch pips on the pull back which is an opportune time to get in to ride this wave up. Keep in mind i am still learning so in no way, shape, or form am i telling you to enter this trade. This is just my view,

I used Fibonacci estimate about where the pullback might would land around. To draw Fib Retracement start from the Higher Low and drag to the Higher High. I usually ignore the 23.6 retracement and look for the 38.2 and 50 retracement levels.

If you enjoyed or agree with this idea please like and comment down below!
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.