Petaryot
Long

XAUUSD - USA GDP Play?

FX:XAUUSD   Gold Spot / U.S. Dollar
We can see 2 similar patterns which are not broken yet. We are currently on the possible last leg of the second pattern (blue).

With GDP news today could be a possible LONG play.
Nice one!

...you have good eyes.

Have you ever thought about not using indicators or oscillators - just reading the price?
I could imagine, after a couple weeks you would do better, because I think you see the obvious in the charts.

Cheers.
+1 Reply
@forker thanks so much for your kind words. Actually no I have not but I think this will be a great idea to try. I appreciate your feedback!
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