traderWgun
Long

Above yesterdays low, look higher

FX:XAUUSD   Gold Spot / U.S. Dollar
408 5 2
*Bullish candlestick
*Bullish divergence
*fib support

Could target 1500.
Hi, guys. Thx for the feedback. I have posted the reasons why I'm long
and which metods I'm using to decide which side I will trade,
I can only be wrong or right, the important thing is risk mangment.

Of course there is lenty of reasons to be short also
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traderWgun traderWgun
on the weekly I see a 3 wave correction done
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traderWgun traderWgun
This main wave count could still play out. I went long yday https://twitter.com/atliveanner/status/390599921184690177
so I'm reactivating this idea.
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I also disagree. We are supposed to trade rangebound the next days your white horizontals. The upward channel had been broken. Draw a new downward channel and you will see that the rise expected may b every limited. It even looks like a head and shoulder and if the neckline once will be broken then we will find ourselves back veru much lower, lower than 1200.
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cannot agree on gold bullish for short/medium term.

yesterday, gold just came back to the 63% fib line and is going back down -
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