Long on Gold from 1889.60

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Here's why.....
Recent $ strength has lowered price but long term HTF trend is up. $ is still in my opinion and recent moves up were simply a retest. Now heading down and pushing gold price up.
2791 pips downside for the $ predicted, hitting 16/12/2014 daily down Institutional Candle ( IC ) then reverse to the upside. This subsequently means 2791 pips profit for buyers in gold , possibly more.

1) Daily down IC signalled price will revisit
2) Daily Imbalance in Price Action ( IPA ) needed to be filled
3) Wycoff concept: accumulation spring = my entry
4) FIB from November low to early Jan high. Price touched 88.6 and confirmed with the open of Novembers daily down IC , (labelled 3)
5) Resting liquidity upside from sellers
6) Upside IPA

tp1 - 1875
tp2 - 19040914
tp3 - 1950
tp4 - 1985.791
tp5 - 2000
tp6 - 2050
tp7 - 2063.786
SL moved to 1795 for security

R:R = 171:0

Good luck and god bless!!!
Trade active
Comment: over 1k pips so far 🔥🚀


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