BambooGrowth
Long

XAUUSD - Opportunity of a Lifetime

FX:XAUUSD   Gold Spot / U.S. Dollar
1031 7 21
Remember my seasonal tendencies post,
We have waited for Gold             to get lower than the June/July low...

Opportunity of a lifetime this!!!!
Comment: The Daily chart shows the bigger picture very clear. Since 2013 Gold made lower highs and lower lows (bearish pattern), but in 2016 its a higher high which indicates a trend change (now bullish)

Note the Seasonal tendencies for the last 3 years
1.Lows in Gold is in November/December
2.November/December Low is always lower than June/July low
3.Usually new high in March
Gold will go to 1140. good time to go bullish on it...
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Another possibility.
We will long Gold at 1170, next key support comes in at 1150 and 1120 (We will add more position if we do get more downside)
This might be the biggest trade in 2017
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Don_Corleone BambooGrowth
@BambooGrowth, I completly agree.Gold might drop even lower tho,so I am not rushing to buy it right now,specially if there is gonna be a rate hike on 14 of December,but no doubt that Gold and Silver longs are going to be the biggest trades of 2017.Looking forward to them.GL mate.
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When to buy??
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@Edsaar, I am looking at 1273, 61.8% retracement of recent bullish move
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See the explanation here
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BambooGrowth BambooGrowth
@BambooGrowth, this was posted a while back
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