The Golden Pocket, based in the power of Phi, consists of the .618 to the .65. Included the mathematical rationale for why price reacts to the .65 level.
After a long decline OANDA:XAUUSD stopped making lower lows and lower highs. On the higher timeframe gold touched 76,40 retracement (2015 low to 2016 high)
Price is also slowly crossing 10 Daily EMA.
2 targets with stops around the last low (12/15) and S4 pivot support
Let's see.
Gold is Bullish due to global financial market meltdowns.
Here is a nice Long based on the 764 Strategy and a BAT Pattern
R/R: 5.85
Entry: ~1222
SL: 1213.8
TP: 1253
