Trading00007
Short

GOLD Short 200 sma bounce

FX:XAUUSD   Gold Spot / U.S. Dollar
Anybody disagree or have any other ideas?
OK strong break out to the north, other ideas?
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yes i have another idea
it looks like its in elliot wave form now and its on its 3rd wave usually the longest
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uperth Trading00007
Thank you very much, so quite some movement to the north and than just a correction and further up? In other words are we in a long or short trend in the long run?
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yes long in the long run, it crossed the 200 sma on the dialy chart and you can also see it also made a big needle 3 days ago, so im expecting it to go long for some time
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oh wait i thought we were talking about oil, but same thing on gold they have been gong the same direction this week and are both in elliot formation
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