Kumowizard
Long

Gold - 4 Hrs buy wave?

FX:XAUUSD   Gold Spot / U.S. Dollar
329 8 3
Please check my original trade idea and view on the link below.

4 Hrs:
Looks like Gold             has finished its minor pull back. With recent green candle and Slow Stoch turning up, we may see the next buy wave to start above 1210. Let's see if the momentum can increase this time and push DMI-ADX indicator to finally confirm a bullish trend .
Stop below 1190.

p.s.: btw             I think the relative strength of Gold             can be an early signal for some kind of general USD correction. Not sure, but I have this feeling.
We had another retest of Kijun Sen on 4 Hrs and retest of Kumo + 100 WMA on 1 Hr time frame. Price spiking again above 1230, next buy wave signal confirmed. Still bullish, next wave can send it above 1240 small resistance.
Reply
will it go down?
Reply
Mickette KelvinYnwa
UP
Reply
KelvinYnwa Mickette
up till 1228 I think
Reply
Mickette KelvinYnwa
1260
+1 Reply
UP UP. Espec if USD starts correction.
Reply
2use Mickette
Gold has been giving buy signs all over the place.
Reply
CD from AB-CD is building up
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