OAKS

short term and long term view with GOLD

Long
OAKS Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
11
set a plan to buy..with SL below 1140..
Comment:
my plan is loading buy step by step..all SL below 1140.. upside, i am planning to see break the channel up firstly,, but how far it will go, i have no idea now, we have to keep watch price action.... BTW, i am positive on DXY in terms of long term view, this might be negative to gold... but i don't think it conflict with gold bounce recently...

Comment:
buy failed, it already failed into the TR downside, look for short if it puck to the resistance
Comment:
Join in the bear part within the flag, i see it break down at some moment
Comment:
this jump up today could be very import, which means the reversal channel(left) very possible validate afterwards, making it a temporary bottom(1122-1140), and will retrace furthermore in the coming days; whereas, in the big picture (right), it seems that price pull back to the upside trading range and make it a fake break out according to that middle line...we will see how the picture develop in the coming days, retracing further upside looks like more reasonable now


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