NikitaMarket

GOLD. We are growing according to the trend in the wave "5".

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
At the moment, the trading instrument is probably in a bullish trend and is working out wave "5", which is the last wave in the current upward trend, since the graphical wave figure "Symmetrical Triangle" is the penultimate wave.

Also, the fact that the probability of growth is much higher than the probability of a fall in this trading instrument, we are told by the report of the Commodity Futures Trading Commission (CFTC), according to which we see an increase in interest in gold from "professional buyers" on the Chicago Mercantile Exchange (CME).

The target benchmark is the resistance level of the ascending channel.

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