Potential structure continuation for XAU.
We have nice bounce around $1210 which is a double 50%, in turn of a potential top at $1250 area making $1210 at triple 50%. If this structure continues then we will likely see 1160 in the near future forming an AB = CD pattern.
Here is a set-up involving a strategy I have been testing The strategy is a mix of price, structure & cycles.
We should retrace back the 1170 area & from there we should close the gap. I believe EURO -0.39% is running low on fuel for the moment, it seems now it is time to retrace and possibly close the gap on EXY.
**You can zoom in on the chart & look into all...
I have been working on a strategy involving cycles, structure & price. I've had great results with currency pairs & Gold.. Except for when news is released and price manipulation, that's when things don't work..
This is what my strategy is indicating for Silver. I am still in the works of truly understanding if this is more than a theory, so don't bite me if I'm...