YGForex

Gold Long Opportunity...BEARISH strength coming to a stop!!!

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
If we look at gold price, we can see that gold BEARISH movement has made its full extension to the downside with a 461.8% fib movement. After which, we also managed to see a nice double bottom pattern to confirm our stance. As of now, I am expecting a decent BULLISH climb and will be eyeing 261.8% fib level, also the trend resistance level. Further confirmation can be done if price break 1760 ish price level.

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