pablo82
Short

LONG TERM VIEW

FX:XAUUSD   Gold/U.S. Dollar
154 1 5
4 months ago
This concept is based on parabolic arc pattern which is very rare and usually occurs in extreme bull markets.

Target for that kind of pattern usually is 0.618 fib retracement.
3 months ago
Comment:
snapshot
3 months ago
Comment: if breaks 1120 will go to 1085 - 1045 and than possible to 970 - 890 level where I expect reversal point and resume bull trend.
SchweizerGeld
4 months ago
Makes sense, especially due to the fact that it would validate the 1980 peak just above $850. Once there, we could see the continuation of a multi-decade bull market in precious metals. Don't tell anybody, but I'm looking for just such a correction. :)
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