Gold Spot / U.S. Dollar
Long
Updated

XAUUSD

GOLD : AFTER THE CONFIRMATION OF THE MARKET MOVEMENT OR TREND , THE MOVEMENT WITH TREND LINE FROM 1st OF MARCH 2001 AT PRICE 309.76 TO POINT A, AND THE INTER TREND LINE LEADING TO POINT C AT PRICE 1664, AFTER DRAWING MY COUNTER TREND LINE FROM POINT A, IT WAS BROKEN AT PRICE 1270 WHICH WAS THE ONLY CONFIRMATION I NEEDED TO GO LONG ON GOLD, BEARING IN MIND, POINT B PRICE 1042 WILL BE ITS LOW PRICE FOR A VERY LONG TIME
Note
I forgot to add, the uptrend movement will get in between Price 1490 - 1590 in line with my Fibonacci Retracement. Good luck.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.