faylee
Long

Gold is still very bullish, C&H pattern

FX:XAUUSD   Gold Spot / U.S. Dollar
226 5 19
For longer term, buy after breaking out 1283 again!
Good chart! so thought of sharing something which I think supports this... noticed a clear divergence on 4H DXY chart and next 3-4 candles could turn the direction!
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faylee mater
That's fine! Thank you for your sharing:)
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At least 2 more red candle is coming, maybe 4-5...
RSI divergencies, MACD is crossing over...
Will your long survive a 140$ drop in 4-5 weeks?
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faylee chartwatchers
Thank you for your reply! Actually I have some long positions at 1245. But half of them was closed at 1259.5 on Fri. I think the profits was enough to cover the rest long positions' loss. The stop loss is 1243. It's no harm to my account profits:)
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