farhadjafarov7

XAUUSD, GOLD Opportunity!

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
GOLD has been on a rise lately however I don't expect this to be a big bullish run for GOLD , in other words I don't think this run will take us to a peak higher than the peak we have made (1350+ area) this year. Now is a good time to buy as we have risen and retraced already so the next wave up can be anytime soon. I expect this wave to take us to 1250-1260 USD area. Where I see a retrace coming after which we should be looking to go up again. So I think this GOLD bull cycle can go and test 1300 area but don't see it passing 1320 USD barrier.

Good Luck, Traders! #moon #mooncommunity #turtlestyletrading ;)
Be a turtle my friend © Farhad Jafarov