FX:XAUUSD   Gold/U.S. Dollar
616 9 5
Notations on chart

Short term: Might be a little more bullish
Long term: Still bearish

Have to surpass the 78.6 retracement to really show some strength and reverse the downtrend.

Safe trading
@BLawrenceM
Wall St Scalper
MicroCapEquity
2 years ago
1131, then 1180, then higher low at 1146, next high comes out to $1196 ish
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WallStScalper PRO MicroCapEquity
2 years ago
Yeah a short term double bottom could come in handy for a nice long bounce to the 1180ish ...Yeah I could also see that coming... agree
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MicroCapEquity
2 years ago
I expect it this week. Im long currently and will reassess when we arrive (if we do)
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WallStScalper PRO MicroCapEquity
2 years ago
Thx for comment... appreciate our dialog we have had to day...
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MicroCapEquity
2 years ago
Trading the metals today was !@#$$%%^^
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Short term bullish trend intakt. Orange trendline recaptured.
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Hit the reasonable 50 fib retrace area to the penny .... with help from stubborn bulls.
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Gold update! I'm getting more bullish day by day but gold still have to take out 1228 for really squeezing the bears and convincing them to throw in the towel. At that level the 78.6 fib retrace is situated.
I've made a bullish alt. count on the chart only "aber dabei" about it is that the 3rd wave didn't quit make the 1.168 extension. Well time will tell Safe trading ladies and gents!
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Gold at the 61.8 retrace. A confluence point with a 1.618 ext of the first leg p from bottom
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