Balazs
Long

More expensive Jewellry?

FX:XAUUSD   Gold Spot / U.S. Dollar
134 2 5
Guys, that GOLD             anniversary or special ocassion bracelet for your wife could get a litlte more expensive, haha. Hopefully the money you make on this trade will make up for it :)

Upper trend line broken on weekly/monthly time frame, conslidated and looks like it's going up!
Comment: Weekly and daily view still showing break up and perhaps already in the trade. However on a smaller time frame (4 hour, etc) you will see quite a few 2618 opportunities.

If you haven't entered it's not a bad idea to wait and see how the recent double top plays out, possibly retracing to the 127 or even 1618 level as it did not long ago.

snapshot

snapshot
Comment: 2618 trade is active, with better than 618 entry. Despite this brief opportunity, but don't get too excited because we're expecting a bounce up possibly, unless the lower 4 hour trend line is broken and consolidates. Don't forget our longer term weekly chart shows a strong buy.

snapshot
Comment: 2618 trade reached target 1, and nearly at target 2 (127 fib extension), could go to 1618 near the lower trend line:
snapshot


But don't get caught up in selling and lose focus of the bigger picture:
snapshot
Now that we're all done with the short-term selling (and profit), time to get back to the bigger picture (BUY). Lots of patience needed but could be worth it.
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