XAUUSD : Potential Reversal Suspected to 1419

FX:XAUUSD   Gold Spot / U.S. Dollar
Bulkowski's Inverted Scallop in sight on Daily.
Has Trendline Resistance at around 1325-1327
EMA20 on daily at 1325 may provide necessary bounce.

A: 1305.38
B: 1375.92

(B - A) x 61% = Height of Impulse
B + Height of Impulse = Target Price.

($1375.92 - $1305.38) X 61% = $42.82
1375.92 + 42.82 = 1418.74
Trade active: Buy Limit triggered 1325
Comment: Getting there !
Comment: SL revised to 1320
Comment: Towards the target !
Comment: Still hopeful.
It feels nice to be on the right side at the right time and have know early. Good analysis.
+1 Reply
robus AlphaDreams
its happening
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