jesuanperez

Possible bullish scenario for XAUUSD

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold advanced since 12-12-17 from the 1236 bottom in 5 clear waves, up to 1364. Then it retraced a fibonacci's 0.5 to around 1300 in a double zig-zag (a-b-c-X-a-b-c-). Next wave 3 should carry gold to ideally 1512, or at least 1432, but it should first break the strong resistance of 1340 and afterwards the 1360 zone.

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