VladimirGas

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VladimirGas VladimirGas XAUUSD, 30, Long ,
XAUUSD: Gold breaking up for a correction
78 2 3
XAUUSD, 30 Long
Gold breaking up for a correction

After over a week of selling we see a consolidation with a small triangle at the break of a downtrend-line. If the break happens we can probably see a corrective move to some resistance. In my opinion it could be f.e. 1259.5

VladimirGas VladimirGas XAUUSD, 60, Short ,
XAUUSD: Waiting for the second down-swing on gold.
197 0 1
XAUUSD, 60 Short
Waiting for the second down-swing on gold.

After the heavy sell-off a small triangle formed with resistance at 1260.6. I expect the price to break up from the triangle after a couple more re-tests. The breakout should be weak or even fake. And after reaching some of the fib levels I expect the next swing out of the expo ribbon to the downside. The other possible scenario is the breakdown from the ...

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