meszaros

XAUUSD before a 6% increase.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD before a 6% increase. It can be seen from the analysis that XAUUSD is made to cross the D1ATR axis (orange dotted line). The turning point coincides with 50% of the D1ATR distance (white line). The simultaneity of these two signals presupposes that gold has begun to build a rising wave system. The primary target price for the rise is 1953usd

Comments

Would it be wise to keep this position running in a swing trade due to your latest gold post? Or would you advise to TP around 1950 and look for another entry after a retrace? Thanks
Reply