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PHNTMTrader

looking at a potential HH ans HL market for gold.

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
PHNTMTrader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis
5
0
trendanalysis
XAUUSD retraced down to 50% discount on the FIB from last down candle to last up candle. A visible higher low is also available on the chart. There is also an imbalance marked up on the chart that gold will inevitably fill in.
Comment:
gold is respecting HH and HL structure and approaching a new high
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