JohnLiv

Long term view on gold

Long
JohnLiv Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
This is my long term view on gold going to March-april 2020, a continuation on my previous charts
Comment:
If you zoom in, you will notice the trend has followed my idea, should be a few days for the big push North
Comment:
The yellow metal very much followed the base of the third fractal and selected the path of the right channel, to allow for this I cannot see 1835 as a reliable target anymore, to allow for the December movement this idea would now produce a more reliable target of 1765, that being said I believe we will see the formation of a new downward wedge similar to fractal 1 producing a break above 1850
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.