OleksandrSnitko

gold short term buy

Long
OleksandrSnitko Aktualisiert   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
trendline of wave A(green) was broken. there were divergence on H1.
it made and broke 2 more flags.
green wave A should be corrected. (at least to 1221)
buy target, based on recent price action, is 1226.
look for entry point according to your strategy. next flag, etc..
good luck!
Kommentar:
watch flag breakout!
Kommentar:
flag was not broken. price felt sharp.
1st explanation
I take 161.% target. in fact gold stopped at 38.2%
this upside move looks like a minor correction of lattest part of preceding bear market. (not an entire move)
in this case gold should continue moving down. (smb may say eu grap gold/$ down)
2nd explanation
it just made a complex abc, (a) = (c)
in this case actual buy target is 1223
Trade geschlossen: Ziel wurde erreicht:
1221 target was reached (38.2% of move) . it was minimum target.
Haftungsausschluss

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