MassimoRusso

Gold/USD Uptrend Frecast

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
On YTD time, we can look an ascending primary trend, after leaving a falling price from $1348 to $1128.
The new uptrend has count 5 countertrend toward a last minimum price at $1243. Since the last minimum price, it is increasing. It is interesting to observe an ascending Triangle figure. If that figure confirm the theory of uptrend triangle, the price will go up toward $1348.
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