Gold Spot / U.S. Dollar

Long

Updated

xauusd

hmmmmmm.. back to bullish trend . watch for channel break.

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:-) looking good

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2nd tp 1216. 3rd is 1237

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resistance turned support here sets up a different picture.. to the bull side.

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snapshot

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abcd pattern noticed in gdx and other gold miners.
50 day is close for a lot of the gold stocks.

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its a bad sign when the dead bears are switching bull all of a sudden... tsk tsk

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notice where price is.. and power of since wave trend :-) blast off very soon children. looking for abc to finish in gdx before gold price moves . miners will carry gold

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Harmonic traders need to learn how fibs work related with harmonics. Just because you can draw it doesn't mean it will come to completion.

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taking long at these levels are recommended with a loose sl . bull trend,.

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trend change soon :-)

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expect price to go bullish/(time) for the bulls to take control

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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.