Ewcharter

XAU USD- Chart Update

FX_IDC:XAUUSD   Gold / US-Dollar
It is possible that there in the zone of 1,326/1,324.00 had made a bottom, this zone is also a projected and Achieved Target Shell (*), and the end of the Wave C. From there the Primary Target ahead is the 1,362.00 -1,365.00 zone.

Now because this Wave C looks like uncomplete, there exist a second scenery (the red one) projecting a new target down to 1,316-1,1314 zone. I´m waiting for the the Wave v of C be fulfilled to set the trading Margin.

(*) Target Shell: is a formula that projects upcoming targets, in function of the Wave Pattern evolution + Fibonacci numbers reached+ psychological resistance and support levels taken.
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