Xauusd- GOLD preparing for a Big move !! good to buy now!
Many people are bearish about gold, Looking very bullish to me, it has very nice falling wedge with bullish divergence at 1 day chart, it also has small inverse head and shoulder inside the wedge that will confirm the breakout and beginning of next rally, i expect 8% gain in the next 65 to 80 days, and very possible formation of a cup and handle pattern, with target of 1482 for may 2019
Note
it will make a very similar move to current btc trend reversal from 5700 to 8kTrade closed: stop reached
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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.