GOLD XAUUSD - H4
Could we have the following scenario?
1. Gold will go up to correct the down move to around $1290 which will take from now till beginning of November.
2. 2016 US Presidential Election happening on November 8, where Hilary Clinton will win, which will cause the dollar to rally and the gold to fall.
Let's watch and see.
Look for a short to correct the up move.
The correction can be small or big to retest the upper line.
Once the short is over, I'm looking at the price to reach $60 in the long term.
Use your strategy to trade and good luck.
If you have any questions, feel free.
This is a long term forecast of USDCAD.
I'm looking for a move up to complete a five waves pattern correcting the big move down from 1.46000.
If this unfolds as predicted, we will see a continuation of the down trend.
The other unlikely possibility is that we will start an uptrend. Time and price will tell.
Either way, we can make money in ups and...
Wait for the price to correct and then add to the trade (or enter if you didn't short last week).
Don't follow blindly.
Follow your rules and money management.
Feel free to ask questions or share your ideas.
I closed 2 short positions and I still have 1 left. When price reaches this area, it's time to make a decision to buy or sell more.
Follow your trading and money management rules please.
Share your thoughts, ideas and feel free to ask questions.