bregall1965

XAUUSD SHORT OPPORTUNITY

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I am watching area 1740-1750 for a possible short for the following reasons:

1) 66,66% major Gann % coincident with 50% from other Low
2) 0,786 Retracement
3) Pattern in five waves where the 5th wave is equal in lenght at wave 3
4) RSI divergence

Next wave can be a Retracement ABC to continue push higher or a 5 wave move down complete a big A B C

In time point of view there are many coincidences during the weeks between 13rd March and 27th March (top in 20th)


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